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    27961 Euclid Ave Euclid, OH 44132

    Sponsored
    For Sale
    $1,803,000

    6.01 Acres, Prime Euclid Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.01-acre commercial land parcel presents a unique development opportunity in Euclid, Ohio. Boasting 536± feet of frontage on Euclid Avenue (US Route 20), this property offers unparalleled visibility and accessibility. The site benefits from all utilities already in place, simplifying development plans. Zoned U4 Commercial, this land is ready for immediate development, further enhanced by the presence of available county and city incentives, and its location within an Opportunity Zone. The property's strategic location provides incredible freeway visibility and access at the intersection of Interstate 90 and US Route 20, with convenient proximity to Interstate 271 and State Route 2. Parcel numbers 648-03-003 and 648-03-005 comprise this significant offering. The asking price is $1,803,000, representing a compelling value for developers seeking a prime location with substantial development potential. The business-friendly environment of Euclid and the readily available incentives make this a truly exceptional investment opportunity. This is a rare chance to acquire a large, well-located parcel in a thriving area with excellent infrastructure and access to major transportation arteries.

    Property Features for 27961 Euclid Ave

    General Information

    Property type
    Land
    Lot Size
    261,796 SF

    HighLights

    • $1,803,000 asking price.
    • 6.01 acres of commercially zoned land.
    • U4 zoning designation.
    • APN: 64830005, 64830003.
    • Located at 27961 Euclid Ave, Euclid, OH 44132.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Euclid
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.490154
    Latitude
    41.595484

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    FAQs

    What type of property is this?
    Land - 6.01 Acres, Prime Euclid Location
    Where is this land located?
    The property is located at 27961 Euclid Ave Euclid, OH.
    What is the asking price?
    The asking price for this property is $1,803,000.
    What are key features of this property?
    This property features: $1,803,000 asking price.; 6.01 acres of commercially zoned land.; U4 zoning designation.
    Request Owner's contact information
    27961 Euclid Ave Euclid, OH 44132
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    27961 Euclid Ave Euclid, OH 44132
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