7109 Harvard AveCleveland, OH 44105

Property Details for 7109 Harvard Ave

Year built

1997

Construction

TYPE NOT SPECIFIED

Lot size

1.15 AC

Property size (Sq ft)

11,456 SF

Zone code

GR

Property type

Retail properties

Property subtype

Retail space

APN

133-18-001

APU

13318001

Description

This exceptional 11,456-square-foot retail property, located at 7109 Harvard Avenue in Cleveland, Ohio, presents a compelling investment opportunity. Situated on a 1.15-acre lot in Cuyahoga County, this single-tenant building enjoys a highly visible location at the signalized northeast intersection of East 71st Street and Harvard Avenue. Its strategic position offers unparalleled accessibility, being just one mile east of Interstate 77, ensuring convenient access for customers and employees. The property's design is particularly well-suited for businesses requiring drive-thru service, capitalizing on its high-traffic location. The surrounding area boasts a strong retail presence, anchored by a diverse range of established businesses including Dave's Supermarket, Save A Lot, Roses, CVS, Family Dollar, Huntington Bank, US Bank, Little Caesar's, and Jackson Hewitt, creating a vibrant and thriving commercial environment. This property's size, location, and proximity to major roadways make it an ideal location for a variety of retail businesses seeking high visibility and convenient access for their customers. The zip code is 44105.

• CAP approach

  CAP return

  Valuation

  6%

  $3,029,572

  6.5%

  $2,796,528

  7%

  $2,596,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,700,418

  Geo Method

  $2,700,418

• Alternative Use

  Use

  Valuation

  Residential

  $2,358,976

  Hospitality

  $2,160,810

  Educational

  $1,797,768

  Medical

  $1,859,596

  Retail

  $2,796,528

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.4491

Longitude

-81.6384

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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