Property profile

27691 Euclid Ave Euclid, OH 44132

OFF-MARKET
Office buildings
Property ID
US66-1471594
19,548 SF 0.93 ac lot Built 1963
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1963
Construction TYPE NOT SPECIFIED
Total area 19,548 SF
Lot 0.93 ac (40,728 SF)
Zoning code U4
APN 648-30-009
UPID US66-1471594

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
  • Nursing Home Retirement Community
  • Bank Loan Service
  • Physician
  • Home Health Care Service
  • Atm

Location

27691 Euclid Ave Euclid, OH 44132-3550
Euclid metro Census 196200 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$780k

Owner & transaction history

since 2024
Last sale
$505,000
3 recorded transactions
2024
$505,000
1997
$190,000
1969
Price N/A

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R 1355 U3 Apartment House Districts(Repealed) CHAPTER 1356 U3E Elevator Apartment House Districts (Repealed) CHAPTER 1357 U3EL Senior Citizens Use Districts CHAPTER 1358 ASF Attached Single-Family Districts CHAPTER 1359…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