3451 Fairmount BlvdCleveland Heights, OH 44118

Property Details for 3451 Fairmount Blvd

Year built

1992

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

7,392 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

687-30-031

APU

68730031

Description

This exceptional 7,392 square foot storefront property, located at 3451 Fairmount Blvd in Cleveland Heights, Ohio, presents a compelling investment opportunity. Priced at $950,000, this retail space boasts a desirable location within Cuyahoga County, zip code 44118. The property sits on a 0.29-acre lot, offering ample space for potential expansion or outdoor amenities. With a price per square foot of $128.52, this property offers a strong value proposition for investors seeking a well-situated retail space in a thriving community. The building's substantial size provides flexibility for a variety of retail uses, catering to diverse business needs. Its prime location on Fairmount Blvd ensures high visibility and accessibility for customers. The property's address is 3451 Fairmount Blvd, Cleveland Heights, OH 44118, and its geographical coordinates are 41.4867648 latitude and -81.5556862 longitude. This is an excellent chance to acquire a significant retail presence in a vibrant Ohio market. The property is classified as a storefront and is ready for immediate occupancy or redevelopment, making it an attractive option for both established businesses and new ventures. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,954,836

  6.5%

  $1,804,464

  7%

  $1,675,574

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,742,448

  Geo Method

  $1,742,448

• Alternative Use

  Use

  Valuation

  Residential

  $1,522,133

  Hospitality

  $1,394,265

  Educational

  $1,160,012

  Medical

  $1,199,907

  Retail

  $1,804,464

Location Insight

City

Cleveland Heights

County

Cuyahoga

State

Ohio

Latitude

41.4867

Longitude

-81.5557

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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