Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
1359.05 SUPPLEMENTAL REGULATIONS FOR ALL USES. 1359.06 REGULATIONS FOR SPECIFIC USES. 1359.07 HEIGHT REQUIREMENTS. 1359.08 LOT AREA AND SETBACK REQUIREMENTS. CHAPTER 1360 U5 Commercial Districts (Repealed) CHAPTER 1361 U…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
U6 · Euclid, OH1359.05 SUPPLEMENTAL REGULATIONS FOR ALL USES. 1359.06 REGULATIONS FOR SPECIFIC USES. 1359.07 HEIGHT REQUIREMENTS. 1359.08 LOT AREA AND SETBACK REQUIREMENTS. CHAPTER 1360 U5 Commercial Districts (Repealed) CHAPTER 1361 U…
Zoning
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Zoning designation
Official district profile
1359.05 SUPPLEMENTAL REGULATIONS FOR ALL USES. 1359.06 REGULATIONS FOR SPECIFIC USES. 1359.07 HEIGHT REQUIREMENTS. 1359.08 LOT AREA AND SETBACK REQUIREMENTS. CHAPTER 1360 U5 Commercial Districts (Repealed) CHAPTER 1361 U…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for U6 in Euclid, OH.
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