Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1920
Sq.Footage
N/A
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Hot Water, Steam
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.7369
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$450,000
-
Tax Amount
$7,726
-
Zoning
Commercial
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Euclid CSD - 1813
-
Middle School
Euclid CSD - 1813
-
High School
Euclid CSD - 1813
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Cuyahoga
Elementary School
Euclid CSD - 1813
Middle School
Euclid CSD - 1813
High School
Euclid CSD - 1813
Listing Courtesy of Michael Azzam, RE/MAX Haven Realty
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AGENT
Tami Reiss
Call Tami today to schedule a private showing.
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