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2085 Clague Rd 2,350 SF 100% Leased Retail Building Westlake, OH 44145 $750,000 ($319.15/SF) 4.12% Cap Rate
EXECUTIVE SUMMARY
Introducing a prime retail investment opportunity at 2085 Clague Rd, Westlake, OH. This well-maintained property features a 2,350 SF building with 2 units, offering a solid investment potential. Built in 1985 and zoned GB, it is ideally positioned in the thriving Westlake area. With 100% occupancy, this property presents a stable income stream for the discerning investor. Don't miss the chance to add this high-performing asset to your portfolio.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$30,920
|
$13.16
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $30,920 |
| Annual Per SF | $13.16 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
2,350 SF
Building Class
C
Year Built
1985
Price
$750,000
Price Per SF
$319.15
Cap Rate
4.12%
NOI
$30,920
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.23 AC
Zoning
GB
Parking
15 Spaces (6.38 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Astron Tailors
- Retailer
- 1,200 SF
- $12.00
- Oct 2026
- Wise Guys Haircut
- Retailer
- 1,200 SF
- $17.50
- Mar 2031
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Astron Tailors | Retailer | 1,200 SF | $12.00 | Oct 2026 | ||
| Wise Guys Haircut | Retailer | 1,200 SF | $17.50 | Mar 2031 |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 214-26-016 | Improvements Assessment | $45,360 |
| Land Assessment | $21,665 | Total Assessment | $67,025 |
PROPERTY TAXES
Parcel Number
214-26-016
Land Assessment
$21,665
Improvements Assessment
$45,360
Total Assessment
$67,025
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2085 Clague Rd
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