940 Babbitt Rd Euclid, OH 44123
This exceptional Euclid, Ohio retail property, located at 940 Babbitt Rd, offers a total of 45,000 square feet of commercial space currently available for lease. The building is situated in Cuyahoga County, zip code 44123, and presents a unique opportunity for multiple tenants or a single large occupant. The property is categorized as a multi-tenant retail space, allowing for flexible lease arrangements to suit various business needs. Individual spaces range from a minimum of 6,000 square feet to a maximum contiguous space of 27,000 square feet, providing options for businesses of different sizes. The entire 45,000 square feet is currently vacant, presenting a blank canvas for a new tenant or a group of complementary businesses. This prime location in Euclid offers excellent visibility and accessibility, making it an ideal spot for retail operations seeking a strong presence in a thriving community. The property's size and flexibility make it suitable for a wide range of retail concepts, from large-format stores to smaller boutiques. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy. This is a rare opportunity to secure a significant retail presence in a desirable location.
R 1355 U3 Apartment House Districts(Repealed) CHAPTER 1356 U3E Elevator Apartment House Districts (Repealed) CHAPTER 1357 U3EL Senior Citizens Use Districts CHAPTER 1358 ASF Attached Single-Family Districts CHAPTER 1359 U4, U5 and U6 Business and Industrial Districts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U4 · Euclid, OHR 1355 U3 Apartment House Districts(Repealed) CHAPTER 1356 U3E Elevator Apartment House Districts (Repealed) CHAPTER 1357 U3EL Senior Citizens Use Districts CHAPTER 1358 ASF Attached Single-Family Districts CHAPTER 1359 U4, U5 and U6 Business and Industrial Districts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.