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$450,000
Est. payment /mo
0.74 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Euclid 14
MLS Listing ID 5241023
HOA Y/N No
Year Built 1920
Annual Tax Amount $7,726
Tax Year 2025
Lot Size 0.737 Acres
Acres 0.7369
Property Sub-Type Mixed Use
Property Description
Take advantage of this unique mixed-use commercial investment opportunity in Euclid, offering existing rental income and additional value-add potential.
The first floor is currently occupied by a functioning bar generating $4,500 per month on a month-to-month lease, providing immediate cash flow. The building also offers additional space with potential for a future bar, restaurant, lounge, entertainment venue, or other commercial use.
The upper portion includes a spacious 3-bedroom, 1-bathroom apartment that would benefit from cosmetic renovations, creating additional rental income potential. Estimated market rents include approximately $3,000 per month for the second-floor space and $1,200 per month for the third floor.
The owner recently invested approximately $20,000 into a new HVAC system, replacing the previous boiler, along with new vinyl windows throughout the building.
The property also features a large parking lot, making it well suited for a high-traffic commercial or entertainment venue.
Conveniently located directly off the highway with easy access to I-90, the property is near major employers, including Amazon, as well as major roads, public transportation, shopping, restaurants, and other local amenities.
With an established tenant already producing income, multiple potential revenue streams, recent improvements, ample parking, and additional value-add opportunities, 1080 E 260th St offers investors both immediate cash flow and strong future potential!
No wholesalers. No Seller financing. No low ball offers.
The first floor is currently occupied by a functioning bar generating $4,500 per month on a month-to-month lease, providing immediate cash flow. The building also offers additional space with potential for a future bar, restaurant, lounge, entertainment venue, or other commercial use.
The upper portion includes a spacious 3-bedroom, 1-bathroom apartment that would benefit from cosmetic renovations, creating additional rental income potential. Estimated market rents include approximately $3,000 per month for the second-floor space and $1,200 per month for the third floor.
The owner recently invested approximately $20,000 into a new HVAC system, replacing the previous boiler, along with new vinyl windows throughout the building.
The property also features a large parking lot, making it well suited for a high-traffic commercial or entertainment venue.
Conveniently located directly off the highway with easy access to I-90, the property is near major employers, including Amazon, as well as major roads, public transportation, shopping, restaurants, and other local amenities.
With an established tenant already producing income, multiple potential revenue streams, recent improvements, ample parking, and additional value-add opportunities, 1080 E 260th St offers investors both immediate cash flow and strong future potential!
No wholesalers. No Seller financing. No low ball offers.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Hot Water, Steam
Cooling Central Air
Fireplace No
Exterior
Parking Features Parking Lot
Fence Brick
Water Access Desc Public
Roof Type Slate
Present Use Commercial
Building
Sewer Public Sewer
Water Public
Schools
School District Euclid Csd - 1813
Others
Tax ID 648-06-011
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Michael Azzam • RE/MAX Haven Realty • mike@theazzamgroup.com, 216-446-7606
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