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Property profile & analytics
OFF-MARKET
Commercial land

27981 Euclid Ave Euclid, OH 44132-3519

2,369 SF 5.05 ac lot Built 1963
Individually Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US66-1420603
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Eugene M Knotek · 6 yrs held
Eugene M Knotek
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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