3226 Euclid Ave Cleveland, OH 44115
Exceptional opportunity to acquire a historic mixed-use commercial building at 3226 Euclid Avenue in Cleveland, Ohio, 44115. This 0.3-acre property, originally constructed in 1890, offers a unique blend of historical charm and redevelopment potential. The building, currently vacant, comprises 23 units, including 21 apartments and 2 retail spaces. While the square footage is not precisely known, the property boasts impressive architectural details, including grand staircases, oversized artisan windows, high ceilings, and intricate woodwork. Its prime location on Euclid Avenue provides exceptional street frontage and visibility, making it ideal for a variety of uses. Ample parking is available on the site. The property is being sold "as is," and prospective buyers are strongly encouraged to conduct thorough due diligence given the building's vacancy and the seller's limited knowledge. Showings are by appointment only, requiring proof of funds or a letter of credit. This presents a rare chance to restore a historic landmark or creatively repurpose this high-visibility space in a desirable Cleveland location for significant returns. The asking price is $785,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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