Property summary
This exceptional investment opportunity presents a substantial 25,308-square-foot retail property situated at 27691-27701 Euclid Avenue in Euclid, Ohio. The property, identified by APN 64830009, boasts a prime location, offering convenient access to I-90 via the Euclid Avenue exit. Built in 1963, this Class B, multi-tenant building comprises a single, two-story structure on a generous 1.87-acre lot. Currently zoned U4, the property offers significant upside potential for investors or owner-occupiers. The building's strong existing income stream provides a solid foundation for future growth. With a total of 25,308 square feet, the property presents a substantial footprint for a variety of uses. The building's history as a free-standing bank adds to its unique character and potential for adaptive reuse. This landmark property represents a rare opportunity to acquire a significant commercial asset in a thriving Euclid location. The asking price is $675,000. Detailed financial information is available upon request.
Property profile
VerifiedCap rate & NOI
Current use
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Nursing Home Retirement Community
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Bank Loan Service
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Physician
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Home Health Care Service
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Atm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
R 1355 U3 Apartment House Districts(Repealed) CHAPTER 1356 U3E Elevator Apartment House Districts (Repealed) CHAPTER 1357 U3EL Senior Citizens Use Districts CHAPTER 1358 ASF Attached Single-Family Districts CHAPTER 1359…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
U4 · Euclid, OHR 1355 U3 Apartment House Districts(Repealed) CHAPTER 1356 U3E Elevator Apartment House Districts (Repealed) CHAPTER 1357 U3EL Senior Citizens Use Districts CHAPTER 1358 ASF Attached Single-Family Districts CHAPTER 1359…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for U4 in Euclid, OH.
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