940 Babbitt Rd - Auto Dealership FOR SALE


Euclid, OH 44123
$4,000,000 USD
216-859-0279
940 Babbitt Rd, Euclid, OH for Sale
$4,000,000 USD
Auto Dealership - FOR SALE
1/32
null | Request Cap Rate

940 Babbitt Rd
Euclid, OH 44123


HIGHLIGHTS

  • 940 Babbitt Road offers a highly visible 27,192-square-foot property situated on a 5.6-acre site that formerly operated as a car dealership.
  • Zoned U4 for Retail and Services, suitable for a wide range of retail, automotive, showroom, or office users.
  • Prime frontage along Interstate 90 and excellent exposure to over 116,000 vehicles per day along Route 2 and Babbitt Road.
  • Situated across from the new 600,000-square-foot Amazon Distribution Center, Lincoln Electric, and the gateway to Euclid Industrial Market.
  • Adjacent lot available for further retail development. Offered for sale and lease.
  • Up to 7% broker incentives. All brokers encouraged to schedule a tour. 1st All Investments is looking for broker representation for their properties.

OVERVIEW

Prominently located along Interstate 90, 940 Babbitt Road is a 27,192-square-foot property on 5.6 acres boasting prime frontage and accessibility in the booming Euclid Industrial Market. This well-positioned building comprises concrete block construction with steel studs and glass split-face block curtain walls in the showroom and general office, and features a 10- to 12-foot ceiling height. The property is suitable for various businesses, from retail to office or office/medical. Additional land is available build-to-suit with separate road access. Formerly operating as a car dealership, all equipment is in place and is turnkey for new dealership tenants. This can be divided into 4,000- to 5,000-square-foot spaces and comprises a front retail space and a mechanic or body shop in the back with lifts and loading doors, ramps, and roll-up bay doors. With more than 100 car spaces, the site provides ample on-site parking. Billboard advertising opportunities with prime visibility along Interstate 90 are also available. Another investor option would be developing the adjacent lot into another retail property. 940 Babbitt Road is in good company with a brand-new, 600,000-square-foot Amazon Distribution Center across the street, along with the Bluestone Business Center Industrial Park just down the road. The property benefits from a densely populated submarket of 77,969 people within a 3-mile radius, a daytime population of 73,700 people, and superior highway convenience. Interstate 90 runs alongside the property, granting it superior connectivity and visibility to enhance its efficacy for a wide range of uses. Interstate 271 and Lakeland Freeway are within minutes, providing seamless connections to Cleveland, Akron, Erie, and beyond. Euclid is located about 15 minutes northeast of Cleveland. The city prides itself on its classic hometown feel and offers a broad selection of shopping, dining, and service options. Nestled along the shores of Lake Erie, Euclid is home to several gorgeous parks and small beaches. Its closeness to Cleveland provides residents and visitors alike with easy access to the city’s biggest attractions. With incredible accessibility, the well-maintained 940 Babbitt Road is primed to offer an ideal commercial space opportunity.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Highway Visible Former Car Dealership

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.6 AC

LAND SF

243,936 SF

ZONING

U4

APN/PARCEL ID

643-19-026

ASK ABOUT THIS PROPERTY

Darya Miranovich1st All InvestmentsMore Info
216-859-0279

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Darya Miranovich1st All InvestmentsMore Info
216-859-0279

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.