7525 Harvard AveCleveland, OH 44105

Property Details for 7525 Harvard Ave

Year built

1965

Construction

TYPE NOT SPECIFIED

Lot size

0.35 AC

Property size (Sq ft)

1,302 SF

Zone code

GR

Property type

Retail properties

Property subtype

Auto shops

APN

133-18-045

APU

13318045

Description

This 0.354-acre commercial property at 7525 Harvard Avenue in Cleveland, Ohio, presents a unique investment opportunity. Previously used as a car lot, the property boasts a fully fenced lot with ample parking, a sizable office space including a bathroom and storage, and two large work bays featuring high ceilings and a lift. The property is located on a high-visibility street in a desirable area, directly across from a Dave's Supermarket, ensuring excellent exposure. While the property is in decent condition, some renovations may be needed. The asking price is $99,900, offering immediate occupancy. The versatile nature of this property lends itself to a wide range of uses, including but not limited to: car sales, auto repair, auto body work, "buy here pay here" dealerships, vape retail, automotive accessories, or beverage sales. The seller is motivated due to the relocation of their business to another state. This represents a rare chance to acquire a well-situated commercial property in a thriving Cleveland neighborhood at an affordable price, making it an ideal addition to any business portfolio or a perfect launchpad for a new venture. The property's zip code is 44105, and it is situated in Cuyahoga County. The seller is offering the property "as is."

• CAP approach

  CAP return

  Valuation

  6%

  $344,318

  6.5%

  $317,832

  7%

  $295,129

• Comparable approach

  Method

  Valuation

  Relative Method

  $306,908

  Geo Method

  $306,908

• Alternative Use

  Use

  Valuation

  Residential

  $268,103

  Hospitality

  $245,581

  Educational

  $204,320

  Medical

  $211,347

  Retail

  $317,832

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.449

Longitude

-81.6346

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].