4568 Mayfield Rd South Euclid, OH 44121
For Sale
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This exceptional 18,864 square foot office building presents a compelling investment opportunity in South Euclid, Ohio. Situated on a 1.636-acre lot (APN 703-13-001, 703-13-034) in the Mayfield Green Zoning District, the property boasts 200 feet of Mayfield Road frontage at the corner of Maywood Road, benefiting from high traffic volume exceeding 22,000 vehicles daily. A traffic signal provides convenient access. The existing building, currently 87% occupied, comprises 22 suites ranging from 450 to 1,320 square feet, suitable for continued office use or extensive redevelopment. Permitted uses under the M-G District zoning include residential, office, retail, service, entertainment, and community facilities. The location offers excellent accessibility, being less than a mile from Brush High School (South Euclid Lyndhurst City School District) and a 30-minute drive from Cleveland Hopkins International Airport and Downtown Cleveland. This property is ideal for owner-users seeking a multi-tenant office building with significant redevelopment potential in a prime location. The property is zoned for a variety of uses, allowing for flexibility in future development plans. The high traffic count and prominent location make this an attractive investment for both short-term and long-term growth.
The purpose of this district is To provide sufficient but not excessive land area for the business and commercial needs of the community and To foster the continuation of commercial, business and similar establishments now present within the community in conformity with recognized and reasonable standards in order that they be compatible with the primarily r…
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
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Property description
Physical attributes from public recordsZoning & alternative use
C-2 · South Euclid, OHThe purpose of this district is To provide sufficient but not excessive land area for the business and commercial needs of the community and To foster the continuation of commercial, business and similar establishments now present within the community in conformity with recognized and reasonable standards in order that they be compatible with the primarily residential character of the community
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.