Technical
Financial
Distress signals
Property profile

19505 Euclid Ave Euclid, OH 44117

OFF-MARKET
Retail space
Property ID
US66-0359986
2,472 SF 0.43 ac lot Built 1970
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,000 square foot retail property located at 19505 Euclid Avenue in Euclid, Ohio, presents a unique investment opportunity. Situated on a sizable 0.43-acre lot in Cuyahoga County, zip code 44117, the building currently operates as a restaurant in its front section. A smaller space at the rear of the building is currently vacant, offering flexibility for expansion or a secondary tenant. The property's versatile nature allows for a variety of uses, including a daycare/nursery, restaurant, or storefront retail operation. The substantial square footage provides ample space for a thriving business. The property's location in Euclid, Ohio offers excellent access to local amenities and a strong customer base. This is an ideal opportunity for an entrepreneur seeking a well-positioned retail space with potential for growth and customization. The existing restaurant setup provides a solid foundation for a new owner, while the vacant rear space allows for immediate expansion or the addition of a complementary business. This property is ready for immediate occupancy and offers a compelling combination of size, location, and adaptability. The property's zoning and permitted uses should be independently verified.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Construction WOOD
Total area 2,472 SF
Lot 0.43 ac (18,820 SF)
Zoning code U4
APN 646-22-022
UPID US66-0359986

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

19505 Euclid Ave Euclid, OH 44117-1409
Euclid metro Census 152701 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$210k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2017
5 recorded transactions
2017
Price N/A
2002
Price N/A
2002
$170,000
1999
$130,000
1998
$130,000

Zoning & alternative use

U4 · Euclid, OH
Zoning description

R 1355 U3 Apartment House Districts(Repealed) CHAPTER 1356 U3E Elevator Apartment House Districts (Repealed) CHAPTER 1357 U3EL Senior Citizens Use Districts CHAPTER 1358 ASF Attached Single-Family Districts CHAPTER 1359…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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