365 200th St Euclid, OH 44119-1157
This exceptional mixed-use property in Euclid, Ohio, presents a rare opportunity for investors and owner-operators. The 2,700-square-foot brick building, previously a bank, sits on a highly visible 0.33-acre corner lot on East 200th Street, benefiting from approximately 5,000 vehicles passing daily. The property includes 17 dedicated parking spaces, ensuring convenient access. Its strategic location near Interstate 90 provides outstanding accessibility for both local residents and commuters. The building's robust construction promises low maintenance costs. This versatile space is ideal for a variety of retail uses, from fast-casual dining to general retail. The thriving Euclid community, with a population nearing 75,000 within a three-mile radius, offers a substantial customer base. The area boasts strong commercial synergy, with nearby national retailers including The Home Depot, Aldi, Chipotle, Dollar General, Dollar Tree, and Wendy's, generating consistent foot traffic. The property's potential is further enhanced by significantly reduced property taxes, approximately $10,000 annually. This is an excellent opportunity to acquire a well-located, adaptable property in a bustling community. The property is also available for lease.
R 1355 U3 Apartment House Districts(Repealed) CHAPTER 1356 U3E Elevator Apartment House Districts (Repealed) CHAPTER 1357 U3EL Senior Citizens Use Districts CHAPTER 1358 ASF Attached Single-Family Districts CHAPTER 1359 U4, U5 and U6 Business and Industrial Districts 1359.01 INTENT. 1359.02 USE REGULATIONS. 1359.03 PERMITTED USES 1359.04 DEFINITIONS OF SPECI…
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U4 · Euclid, OHR 1355 U3 Apartment House Districts(Repealed) CHAPTER 1356 U3E Elevator Apartment House Districts (Repealed) CHAPTER 1357 U3EL Senior Citizens Use Districts CHAPTER 1358 ASF Attached Single-Family Districts CHAPTER 1359 U4, U5 and U6 Business and Industrial Districts 1359.01 INTENT. 1359.02 USE REGULATIONS. 1359.03 PERMITTED USES 1359.04 DEFINITIONS OF SPECIFIC USES. 1359.05 SUPPLEMENTAL REGULATIONS FOR ALL USES. 1359.06 REGULATIONS FOR S
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.