17
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$2,200,000
Est. payment /mo
0.81 Acres Lot
Active
37111 Euclid AVE Willoughby, OH 44094
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UPDATED:
12/03/2024 07:11 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Hamann Indust Park Sub
MLS Listing ID 5087351
HOA Y/N No
Year Built 1998
Annual Tax Amount $25,215
Tax Year 2023
Lot Size 0.810 Acres
Acres 0.81
Property Description
Rare opportunity to add this meticulously maintained retail/office asset, located in the heart of Willoughby, Oh business district, to your portfolio. Situated directly across the street from a newly constructed national grocery, this 11,000+sqft property boasts nine units, occupied by six well established tenants and a newly signed lease from a current tenant. Most leases are in place through 2027. Plenty of room for improvement as current rents are at the low end of market, and can be transitioned into NNN leases. The majority of high ticket Capital Expenditures have already been done in the last five years with; new roof in 2022, new HVAC units from 2017-2021, New front supports in 2023, parking lot in 2021. These opportunities do not come available very often in Willoughby! Add to your portfolio today!
Location
State OH
County Lake
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Total Parking Spaces 35
Building
Sewer Public Sewer
Water Public
Schools
School District Willoughby-Eastlake - 4309
Others
Tax ID 27-A-014-B-00-024-0
Special Listing Condition Real Estate Owned
Listed by Geoffrey DelGrosso • Keller Williams Greater Cleveland Northeast • geoffdelgrosso@gmail.com 440-462-9577
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