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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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