Property profile

3451 Fairmount Blvd Cleveland Heights, OH 44118

OFF-MARKET
Retail space
Property ID
US66-1764943
7,392 SF 0.29 ac lot Built 1992
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,392 square foot storefront property, located at 3451 Fairmount Blvd in Cleveland Heights, Ohio, presents a compelling investment opportunity. Priced at $950,000, this retail space boasts a desirable location within Cuyahoga County, zip code 44118. The property sits on a 0.29-acre lot, offering ample space for potential expansion or outdoor amenities. With a price per square foot of $128.52, this property offers a strong value proposition for investors seeking a well-situated retail space in a thriving community. The building's substantial size provides flexibility for a variety of retail uses, catering to diverse business needs. Its prime location on Fairmount Blvd ensures high visibility and accessibility for customers. The property's address is 3451 Fairmount Blvd, Cleveland Heights, OH 44118, and its geographical coordinates are 41.4867648 latitude and -81.5556862 longitude. This is an excellent chance to acquire a significant retail presence in a vibrant Ohio market. The property is classified as a storefront and is ready for immediate occupancy or redevelopment, making it an attractive option for both established businesses and new ventures. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1992
Construction WOOD
Total area 7,392 SF
Lot 0.29 ac (12,800 SF)
Zoning code C2
APN 687-30-031
UPID US66-1764943

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
  • (Bike/Boat/Book/etc) Store
  • Home Decor Store Department Store

Location

3451 Fairmount Blvd Cleveland Heights, OH 44118-4265
Cleveland Heights metro Census 141700 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$815k
Blend (final) Blend
$295k

Owner & transaction history

since 2015
5 recorded transactions
2015
$735,000
1998
$455,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Cleveland Heights, OH
Zoning description

(b) The C-2 Local Retail District is established to provide standards for the continued operation of small neighborhood commercial establishments and to concentrate new retail businesses in buildings that typically locat…

General category COMMERCIAL
Top alternative use upside
Medical building $805,000 +69.5%
Neighborhood: shopping center $750,000 +58.1%
Auto repair, garage $660,000 +38.8%

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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