EUCLID WAYSIDE RETAIL PLAZA 17801-17815 Euclid Ave Local commercial 1 366 m² 100 % Loué À vendre Cleveland, OH 44112 234 215 € (171,50 €/m²) Taux de capitalisation 13,01 %

Green Bridge Real Estate is pleased to present the Euclid Wayside Retail Plaza an approx. 14,700 Sq.Ft., 8 Suite Retail Strip Center on .328 Acres located at 17801-15 Euclid Avenue in the Euclid-Green Neighborhood of Cleveland. For Sale $274,900.00 or $34,375 per suite. Built in 1920 and renovated around 1975. The Plaza consists of 6 approx. 2,100 Sq.Ft. suites and 2 approx. 1,050 Sq.Ft. suites. Each Unit has basement/storage/mechanical area with egress counted in its square footage. 123’ of frontage on Euclid Avenue and 110’ on Wayside Road. Approximately 14 surface parking spaces. Excellent Value Add Opportunity to renovate and reposition to maximize value. Currently Vacant and requiring renovations. For estimation and demonstration purposes, estimates for renovations are shown at $10,000 to $20,000 per suite depending on finish and costs. Please use your own estimates. Former Tenants included the Lotus Mini-Mart, a 6,000 sq.ft. grocer / convenience store; SubCity and Hair and Nail Salons. Submetered Gas (Forced air Heat) and Electric. First position Seller Financing is available to qualified purchasers with 25% down, 6.0% Interest (6.0% APR), 25 year amortization, balloon payment due in 36 months, monthly principal and interest payments with an additional real estate tax escrow.
Projected Cap Rate at 100% Occupancy with a $10,000 per suite renovation is 13.01% at the Asking Price of $274,900.
The property is located on Euclid Avenue, a main City thoroughfare, and is 6 miles from University Circle, 8 miles from Downtown Cleveland, 3 miles from all NE Ohio Major Highways I-90, I-490, I-77 and St.Rt. 2.