12395 Cedar RdCleveland Heights, OH 44106

Property Details for 12395 Cedar Rd

Year built

1920

Construction

TYPE NOT SPECIFIED

Lot size

0.19 AC

Property size (Sq ft)

2,655 SF

Zone code

S2

Property type

Retail properties

Property subtype

Retail space

APN

685-18-022

APU

68518022

Description

This exceptional 2,900 square foot retail space, located at 12395 Cedar Rd in Cleveland Heights, Ohio, presents a versatile opportunity for restaurant or other retail uses. Situated on a 0.19-acre lot (APN 685-18-022), the property benefits from S2 mixed-use zoning, allowing for a variety of potential applications, including residential, retail, and restaurant uses. Its prime location within Cleveland Heights' thriving Cedar-Fairmount district ensures high visibility and foot traffic. The property enjoys proximity to a significant residential population, with the Ascent at Top of the Hill, a 261-unit luxury apartment complex, located directly adjacent. This strategic positioning provides immediate access to a substantial customer base. Furthermore, the property boasts a strong roster of neighboring businesses, including well-known national and local establishments such as Zhug, Buffalo Wild Wings, Starbucks, Chipotle, Vero Pizza, and Barrio, creating a vibrant and attractive commercial environment. This property offers a unique blend of location, zoning flexibility, and established neighborhood appeal, making it an ideal investment for discerning entrepreneurs. The property's zip code is 44106.

• CAP approach

  CAP return

  Valuation

  6%

  $702,122

  6.5%

  $648,113

  7%

  $601,819

• Comparable approach

  Method

  Valuation

  Relative Method

  $625,839

  Geo Method

  $625,839

• Alternative Use

  Use

  Valuation

  Residential

  $546,708

  Hospitality

  $500,781

  Educational

  $416,644

  Medical

  $430,973

  Retail

  $648,113

Location Insight

City

Cleveland Heights

County

Cuyahoga

State

Ohio

Latitude

41.5013

Longitude

-81.5949

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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