37111 Euclid Ave Willoughby, OH 44094
- Retail space
- 11,250 SF
- 0.81 lot acres
Current Use by Public Records
- Metro by T-Mobile / Cell Phone Store
- Pizza Booyah / Pizza Restaurant / Fast Food Restaurant
- What About Bob's Subs / Sandwich Shop / Pizza Restaurant
- Exodus Integrity Services, Inc. / Corporate Office
- K & Em Custom Wigs, Hairpieces, Extensions / Hair Salon / Wig Shop
Property Details for 37111 Euclid Ave
- Year built
- 1998
- Lot size
- 0.81 lot acres
- Property size
- 11,250 SF
- Zone code
- L-1
- Property type
- Retail space
- APN
- 27-A-014-B-00-024-0
- APU
- 27A014B000240
Description
This exceptional 11,250 square foot retail/office property presents a rare investment opportunity in Willoughby, Ohio's thriving business district. Located directly across from a newly constructed national grocery store, this meticulously maintained asset offers high visibility and convenient access. The building comprises nine units currently occupied by six established tenants, with a recently signed lease extension from an existing tenant, ensuring consistent cash flow. The majority of leases extend through 2027, providing long-term stability. Significant value-add potential exists due to current rents being below market value, allowing for future rent increases and a transition to triple-net (NNN) leases. Substantial capital improvements have been completed within the last five years, minimizing future maintenance expenses. These include a new roof (2022), new HVAC units (2017-2021), new front supports (2023), and a renovated parking lot (2021). The property sits on a 0.81-acre lot and offers ample parking. This turnkey investment is poised for immediate returns and long-term growth, representing a unique chance to acquire a prime retail asset in a highly desirable location. Don't miss this exceptional opportunity to expand your portfolio with a well-maintained, income-producing property in a rapidly growing market. The property is priced at $2,200,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $260,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Willoughby
- County
- Lake
- State
- Ohio
- Longitude
- -81.4209
- Latitude
- 41.6293
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
