937 222nd St Euclid, OH 44123-3319
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.
R 1355 U3 Apartment House Districts(Repealed) CHAPTER 1356 U3E Elevator Apartment House Districts (Repealed) CHAPTER 1357 U3EL Senior Citizens Use Districts CHAPTER 1358 ASF Attached Single-Family Districts CHAPTER 1359 U4, U5 and U6 Business and Industrial Districts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
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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U4 · Euclid, OHR 1355 U3 Apartment House Districts(Repealed) CHAPTER 1356 U3E Elevator Apartment House Districts (Repealed) CHAPTER 1357 U3EL Senior Citizens Use Districts CHAPTER 1358 ASF Attached Single-Family Districts CHAPTER 1359 U4, U5 and U6 Business and Industrial Districts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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.