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Property profile & analytics
OFF-MARKET Estimated value $585,000
Turn key restaurants

937 222nd St Euclid, OH 44123-3319

3,302 SF 0.56 ac lot Built 1947
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US66-1404774
Property summary
AI-generated overview

This exceptional mixed-use property at 937 E 222nd Street, Euclid, OH, presents a rare opportunity to acquire a well-established and profitable business. Spanning two decades, Euclid Paninis boasts a strong track record of success, consistently maintaining profitability, even throughout the challenges of the COVID-19 pandemic. This achievement is attributed to a robust carry-out service that was effectively implemented and continues to contribute significantly to revenue. The business occupies a 3,302 square foot space situated on a 0.56-acre lot. The current asking price for the business and property is $299,000. The current business model operates as an area franchise, offering the potential for continuation under the existing franchise agreement or the flexibility to operate independently. The current monthly rent for the business is $8,500. Current hours of operation are Monday through Friday, 11 AM to 9 PM, and Saturday and Sunday, 12 PM to 8 PM. A significant advantage for a prospective buyer is the willingness of one of the current operating partners to remain involved under qualified ownership, providing valuable continuity and expertise. This turnkey operation offers immediate income potential and a solid foundation for continued growth in a desirable location. This is a truly unique opportunity for an ambitious entrepreneur seeking a well-established and profitable business.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1947
Construction TYPE NOT SPECIFIED
Total area 3,302 SF
Lot 0.56 ac (24,389 SF)
Zoning code U4
APN 643-12-050
UPID US66-1404774
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$515k
CAP Approach CAP
by Request
Comparable Approach Comparable
$408k
Blend (final) Blend
$585k
Owner & transaction history
Tangs Euclid LLC · 3 yrs held
Tangs Euclid LLC
since 2023
Last sale
$620,000
7 recorded transactions
2023
$620,000
2020
Price N/A
2019
Price N/A
2016
Price N/A
2002
$325,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
U4 · Euclid, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name Local Retail Or Wholesale
General category COMMERCIAL
Zone area 384.55 ac
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