3451 Fairmount Blvd Cleveland Heights, OH 44118-4265
- Retail space
- 7,392 SF
- 0.29 lot acres
Current Use by Public Records
- Jubilee! Gifts in the Heights / Gift Shop
- Eastwood Furniture / Home Goods Store
Property Details for 3451 Fairmount Blvd
- Year built
- 1992
- Construction
- WOOD
- Lot size
- 0.29 lot acres
- Property size
- 7,392 SF
- Zone code
- C2
- Property type
- Retail space
- APN
- 687-30-031
- APU
- 68730031
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $425,000
- 6.5%
- $430,000
- 7%
- $425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $390,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $390,000
- Retail
- $490,000
- Mixed-Use
- $465,000
- Hospitality
- $445,000
- Educational
- $410,000
- Residential Income
- $420,000
- Energy
- $470,000
- Income-Based Land
- $445,000
- Food Service
- $405,000
Location Insight
- Map
- Local Demand
- City
- Cleveland Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5557
- Latitude
- 41.4867
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
