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Redevelopment Opportunity 12408 Euclid Ave 22,054 SF 100% Leased Retail Building Cleveland, OH 44106 $800,000 ($36.27/SF)
Investment Highlights
- For Sale: University Circle Development Opportunity
- Zoned S1-C2
- Located in one of the most vibrant neighborhoods in Cleveland, Ohio
Executive Summary
Prime Euclid Ave. redevelopment site adjacent to University Circle that currently features mixed use (apts/retail) and warehouse totaling 22,054 SF
• 0.87 acres in the CircleEast investment area, with plans for over 200 new homes
• Located in an Opportunity Zone
• Existing mixed-use and industrial buildings - repurpose or remove for new development
• Flexible zoning: SI-C2 Semi-Industry
• Excellent transit access on the Euclid Ave. Healthline
• Immediate proximity to University Hospitals, Cleveland Clinic and Case Western Reserve University
• 0.87 acres in the CircleEast investment area, with plans for over 200 new homes
• Located in an Opportunity Zone
• Existing mixed-use and industrial buildings - repurpose or remove for new development
• Flexible zoning: SI-C2 Semi-Industry
• Excellent transit access on the Euclid Ave. Healthline
• Immediate proximity to University Hospitals, Cleveland Clinic and Case Western Reserve University
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
22,054 SF
Building Class
C
Year Built
1908
Price
$800,000
Price Per SF
$36.27
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.58
Lot Size
0.88 AC
Opportunity Zone
Yes
Zoning
S1-C2 - Semi Industry - Commercial
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $24,150 | |
| Land Assessment | $26,565 | Total Assessment | $50,715 |
Property Taxes
Parcel Numbers
Land Assessment
$26,565
Improvements Assessment
$24,150
Total Assessment
$50,715
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Redevelopment Opportunity | 12408 Euclid Ave
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