Commercial Real Estate for Sale at 37111 Euclid Avenue in Willoughby, OH for $2,000,000

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37111 Euclid Avenue | Willoughby

$2,000,000 | 0.0 Sq. Ft.

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\u002Bsqft 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! MLSNow 5087351

Directions to property: West on rt 20 from downtown Willoughby.\r\n\r\nEast on rt 20 from State Route 91 and State Route 20 intersection

MLS Listing ID: 
MLSNow 5087351
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$2,000,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Retail
Primary Market Area: 
Willoughby
Address: 
37111 Euclid Avenue, Willoughby, OH 44094
County: 
Lake
Latitude: 
41.6293390
Longitude: 
-81.4209510
Directions: 
West on rt 20 from downtown Willoughby.\r\n\r\nEast on rt 20 from State Route 91 and State Route 20 intersection
Public Remarks: 
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\u002Bsqft 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!
Community Information
School District: 
Willoughby-Eastlake - 4309
Subdivision: 
Hamann Indust Park Sub
Building Details
Details about the building on a property.
Year Built: 
1998
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.81
Lot Size (Area): 
0.81
Lot Features
Total Parking Spaces: 
35
Public Record
Parcel Number: 
27-A-014-B-00-024-0
Annual Tax: 
$25,215.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Geoffrey DelGrosso
Listing Office Name: 
Keller Williams Greater Cleveland Northeast

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