4545 College RdSouth Euclid, OH 44121

Property Details for 4545 College Rd

Year built

1986

Construction

TYPE NOT SPECIFIED

Lot size

39.41 AC

Property size (Sq ft)

23,893 SF

Zone code

R-75

Property type

Individual retail properties

APN

703-18-001

APU

70318001

Description

This exceptional 48-acre campus in South Euclid, Ohio, presents a unique investment opportunity. The property comprises 14 buildings, including five dormitories, a former high school, and an athletic center. Originally built in 1928, the campus features a mix of building styles, including the English Tudor Gothic-style administration building, listed on the National Register of Historic Places. Other notable structures include the Regina Complex (classrooms, offices, gym, auditorium) and the Keller Center (gymnasium, weight room, 25-yard pool). Extensive outdoor amenities include three athletic fields, a softball diamond, beach volleyball courts, a community garden, and a greenhouse. The property boasts ample parking and is situated in a picturesque, wooded area with mature landscaping. Its prime location offers easy access to Interstates 271 and 480, placing it within 20 minutes of Downtown Cleveland and Cuyahoga Valley National Park. Nearby amenities include Legacy Village Mall, University Square Mall, Mayfield Sand Ridge Club, and numerous national retailers. The surrounding area exhibits strong demographics, high traffic counts, and a low housing inventory, making this a compelling investment for developers and investors seeking a large-scale redevelopment project with diverse potential uses, including residential, educational, and medical. The property's size, historic charm, and adaptable buildings offer a rare opportunity for significant returns. The substantial population within a 5-mile radius (over 281,156, with projected annual growth) further enhances the investment potential.

• CAP approach

  CAP return

  Valuation

  6%

  $6,318,572

  6.5%

  $5,832,528

  7%

  $5,415,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,632,077

  Geo Method

  $5,632,077

• Alternative Use

  Use

  Valuation

  Residential

  $4,919,956

  Hospitality

  $4,506,654

  Educational

  $3,749,483

  Medical

  $3,878,433

  Retail

  $5,832,528

Location Insight

City

South Euclid

County

Cuyahoga

State

Ohio

Latitude

41.507

Longitude

-81.516

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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