Commercial 9-Unit Investment Property for Sale
37111 Euclid Ave
Willoughby, OH 44094
Highlights
- 11,250 SF building with 9 units
- Built in 1998 with modern features
- Zoned L1 for commercial use
- Prime location in the Cleveland area
- Excellent visibility and foot traffic
- Versatile space for retail or street retail
- Well-maintained and move-in ready
- Ample parking for customers and tenants
- Strong potential for rental income
- Proximity to major highways and amenities
Description
Rare opportunity with this meticulously maintained retail/office asset, located in the heart of Willoughby, OH business district. 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, 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!
Discover the vibrant potential of the Willoughby, OH area. Situated in the heart of the Greater Cleveland market, this location offers a prime opportunity for retail and street retail investment. With close proximity to the popular downtown Willoughby district, investors can tap into a thriving local economy and a strong consumer market. The area boasts a mix of trendy shops, cozy cafes, and bustling restaurants, providing a dynamic urban setting for retail businesses to thrive. Nearby attractions such as beautiful Lake Erie and the scenic Chagrin River add to the area's allure, making it an ideal destination for investors seeking to capitalize on the energy and growth of the Cleveland market.
