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475 E 185th St 14,826 SF Retail Building Euclid, OH 44119 $2,400,000 ($161.88/SF) 12% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on a main road across from a hospital, this property enjoys high visibility and traffic, making it ideal for retail or commercial use.
- Close to the Cleveland Clinic and other essential services, enhancing convenience for both employees and customers.
EXECUTIVE SUMMARY
Excellent Location! High Traffic Corner with Ingress/Egress from two main roads. Property Situated on a main road across from a hospital. Retail with Large Parking Lot. Building houses Women's and Men's Restrooms, Freezers and cold storage stay, Security System, Security Doors, and Delivery Door. Plenty of compliant lanes including Drive-Thru lanes and Window. This property comes with a 1-Year Lease to Euclid Public Library for $24,000 per month with an option to renew. Owner is only responsible for large replacement costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,826 SF
Building Class
B
Year Built
2008
Price
$2,400,000
Price Per SF
$161.88
Cap Rate
12%
NOI
$288,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.77 AC
Zoning
U4
Parking
35 Spaces (2.36 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signage
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 641-10-029 | Improvements Assessment | $492,030 |
| Land Assessment | $269,255 | Total Assessment | $761,285 |
PROPERTY TAXES
Parcel Number
641-10-029
Land Assessment
$269,255
Improvements Assessment
$492,030
Total Assessment
$761,285
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475 E 185th St
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