Property profile

27981 Euclid Ave Euclid, OH 44132

OFF-MARKET
Commercial land
Property ID
US66-1420603
2,369 SF 5.05 ac lot Built 1963
Individually Owned 6-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 6.01-acre commercial land parcel, located at 27961 & 27981 Euclid Avenue in Euclid, Ohio (44132), presents a unique investment opportunity. The property boasts 536+ feet of frontage on Euclid Avenue (US Route 20), offering incredible visibility and accessibility. Its strategic location provides convenient access to Interstate 90 and US Route 20, with proximity to Interstate 271 and State Route 2 further enhancing its appeal. All utilities are readily available on-site. The property is zoned for commercial use and benefits from a business-friendly city administration. Significant county and city incentives are available to prospective developers, adding further value to this already attractive proposition. The parcel is situated within an Opportunity Zone, providing additional tax advantages. This newly available land, with APN 648-03-003 and 648-03-005, represents a rare chance to acquire a substantial development site in a high-traffic area with excellent infrastructure and supportive local government initiatives. The asking price is $1,803,000.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1963
Total area 2,369 SF
Lot 5.05 ac (219,988 SF)
Zoning code U8
APN 648-30-005
UPID US66-1420603

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

27981 Euclid Ave Euclid, OH 44132-3519
Euclid metro Census 196200 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2019
5 recorded transactions
2019
$7,300
2016
Price N/A
1997
Price N/A
1997
$746,322
1969
Price N/A

Zoning & alternative use

U8 · Euclid, OH
Zoning description

. 1359.08 LOT AREA AND SETBACK REQUIREMENTS. CHAPTER 1360 U5 Commercial Districts (Repealed) CHAPTER 1361 U6 Industrial and Manufacturing Districts (Repealed) CHAPTER 1362 U7 Light Industrial Park Districts CHAPTER 1363…

General category OPEN_SPACE

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 27981 Euclid Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message