12833 Lorain AveCleveland, OH 44111

Property Details for 12833 Lorain Ave

Year built

1919

Construction

WOOD

Lot size

0.21 AC

Property size (Sq ft)

3,410 SF

Zone code

GR

Property type

Retail space

APN

018-01-008

APU

1801008

Description

This exceptional 3,400 square foot retail space, currently vacant, presents a unique opportunity for a daycare center or similar special purpose business. Located at 12833 Lorain Avenue, between West 128th and West 129th Streets, on the south side of the street, this property boasts excellent visibility and accessibility. The building offers ample space for multiple classrooms, play areas, and administrative offices. A key advantage is the convenient location, directly across from a bus stop, ensuring easy access for families utilizing public transportation. While the property itself does not have dedicated on-site parking, there is a fenced-in lot at the rear and abundant street parking readily available, addressing the parking needs of staff and clients. The entire 3,400 square feet is currently available for lease, providing a blank canvas for a new daycare center to establish its presence. This is an ideal location for a business catering to families in the surrounding community, offering a combination of convenient access, ample space, and sufficient parking options. The property's current zoning and permitted uses should be verified independently. This is a rare opportunity to secure a substantial space in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $901,784

  6.5%

  $832,416

  7%

  $772,958

• Comparable approach

  Method

  Valuation

  Relative Method

  $803,808

  Geo Method

  $803,808

• Alternative Use

  Use

  Valuation

  Residential

  $702,174

  Hospitality

  $643,188

  Educational

  $535,125

  Medical

  $553,528

  Retail

  $832,416

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.4586

Longitude

-81.7782

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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