3.1 Acres of Industrial Property in the Heart Of Euclid, Ohio

21500 St. Clair Avenue Euclid, OH 44117

21500 St. Clair Avenue, Euclid, OH, 44117
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FOR SALE
Property Type:
Factory
Amount:
$175,000
Last Verified:
Sep 16, 2024

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Highlights

  • Development Opportunity
  • Rail Access and Highway Access
  • All Utilities present along St. Clair
  • City of Euclid Incentives Available

Description

Motivated Seller--One story 52,278 SF of industrial building in Euclid, OH. Old historical industrial property on 3.1 acres of land. Building is gutted. Extensive work has been completed for industrial redevelopment opportunity. Seller has performed asbestos survey on structures and have received abatement cost to have asbestos prior to demolition. Seller will provide all quotes as part of sale and Buyer can work directly with Vendors. Due to the nature of the past industrial use, Restrictive Covenants have been filed on property allowing ONLY industrial uses. Seller has included Ohio EPA Closure Reports and survey in supplements.

21500 St. Clair Avenue, Euclid, Ohio can be found off SR. 2 in between E. 185th and E. 222nd Street. This property sits on the south side of SR.2 and is only 8 miles east of Cleveland, Ohio.


Year Built: 1918
Building Size: 52278sq ft
Lot Size: 3.06 acres


Documents

Old - Sale Brochure

Map of 21500 St. Clair Avenue, Euclid, OH, 44117

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.