4431 Mayfield RdSouth Euclid, OH 44121

Property Details for 4431 Mayfield Rd

Year built

1947

Construction

TYPE NOT SPECIFIED

Lot size

0.11 AC

Property size (Sq ft)

9,966 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Retail space

APN

703-03-059

APU

70303059

Description

This exceptional South Euclid property at 4431 Mayfield Road presents a compelling retail redevelopment opportunity. The 9,966 square foot building, constructed in 1947 and renovated in 1990, offers a unique blend of commercial space ideal for a variety of uses. Currently configured as a restaurant and storefront, the property boasts a flexible lease structure allowing for partial or full occupancy. The two-story building includes a lower level, providing ample space for storage, expansion, or additional commercial ventures. The property benefits from prominent signage, ensuring high visibility and attracting potential customers. Located in Cuyahoga County, Ohio, with a zip code of 44121, this property is situated at 41.5201463386518 latitude and -81.52059951363388 longitude. The asking price is $329,000, translating to $33.01 per square foot. The property's APN is 703-03-059. This presents a rare chance to acquire a substantial commercial property in a desirable location with significant potential for future growth and income generation. The existing rental income provides a stable foundation for immediate return on investment, while the flexible layout allows for customization to suit a wide range of business needs. Don't miss this chance to secure a prime piece of South Euclid real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $2,635,538

  6.5%

  $2,432,804

  7%

  $2,259,032

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,349,194

  Geo Method

  $2,349,194

• Alternative Use

  Use

  Valuation

  Residential

  $2,052,161

  Hospitality

  $1,879,768

  Educational

  $1,563,945

  Medical

  $1,617,732

  Retail

  $2,432,804

Location Insight

City

South Euclid

County

Cuyahoga

State

Ohio

Latitude

41.5204

Longitude

-81.5205

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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