27961 Euclid Ave Euclid, OH 44132-3519
This exceptional 6.01-acre commercial land parcel presents a unique development opportunity in Euclid, Ohio. Boasting 536± feet of frontage on Euclid Avenue (US Route 20), this property offers unparalleled visibility and accessibility. The site benefits from all utilities already in place, simplifying development plans. Zoned U4 Commercial, this land is ready for immediate development, further enhanced by the presence of available county and city incentives, and its location within an Opportunity Zone. The property's strategic location provides incredible freeway visibility and access at the intersection of Interstate 90 and US Route 20, with convenient proximity to Interstate 271 and State Route 2. Parcel numbers 648-03-003 and 648-03-005 comprise this significant offering. The asking price is $1,803,000, representing a compelling value for developers seeking a prime location with substantial development potential. The business-friendly environment of Euclid and the readily available incentives make this a truly exceptional investment opportunity. This is a rare chance to acquire a large, well-located parcel in a thriving area with excellent infrastructure and access to major transportation arteries.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
U4 · Euclid, OHEuclid. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.