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Property profile & analytics
OFF-MARKET Estimated value $960,000
Warehouses

21500 Saint Clair Ave Euclid, OH 44117-1025

52,278 SF 3.07 ac lot Built 1918
Entity Owned 8-yr Hold Free & Clear
Property ID
US66-0095563
Property summary
AI-generated overview

This exceptional Euclid, OH industrial property presents a unique redevelopment opportunity. The single-story building boasts a substantial 52,278 square feet of space situated on a generous 3.06-acre lot. Previously used for industrial purposes, the building has been completely gutted, providing a blank canvas for a new industrial project. Extensive groundwork for redevelopment has already been completed. A comprehensive asbestos survey has been conducted, and abatement cost estimates are available to the buyer. These quotes will be provided as part of the sale, allowing the buyer to work directly with the vendors involved. Importantly, restrictive covenants are in place, limiting future use to industrial purposes only. To ensure transparency and facilitate a smooth transaction, the seller has included Ohio EPA Closure Reports and a property survey in the supplementary documentation. This property offers significant potential for an investor or developer seeking a large-scale industrial project in a prime Euclid location. The existing groundwork and readily available documentation streamline the redevelopment process, minimizing potential delays and uncertainties. The substantial size of the building and lot provides ample space for a variety of industrial applications. This is a rare opportunity to acquire a well-positioned industrial property with a clear path to redevelopment.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1918
Total area 52,278 SF
Lot 3.07 ac (133,572 SF)
Zoning code U6
APN 646-10-005
UPID US66-0095563
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$655k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.30M
Blend (final) Blend
$960k
Owner & transaction history
Owners Choice LLC · 8 yrs held
Owners Choice LLC
since 2017
2 recorded transactions
2017
$29,000
2003
$424,000
Zoning & alternative use
U6 · Euclid, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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