Highway Visible Former Car Dealership - 7% 940 Babbitt Rd 27,192 SF Retail Building Euclid, OH 44123 $5,701,440 CAD ($209.67 CAD/SF)
INVESTMENT 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.
- Prime frontage along Interstate 90 and excellent exposure to over 116,000 vehicles per day along Route 2 and Babbitt Road.
- Adjacent lot available for further retail development. Offered for sale and lease.
- Zoned U4 for Retail and Services, suitable for a wide range of retail, automotive, showroom, or office users.
- Situated across from the new 600,000-square-foot Amazon Distribution Center, Lincoln Electric, and the gateway to Euclid Industrial Market.
- Up to 10% broker incentives. All brokers encouraged to schedule a tour. 1st All Investments is looking for broker representation for their properties.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
AMENITIES
- Corner Lot
- Fenced Lot
- Freeway Visibility
- Security System
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
5.6-acre/27,192-square-foot highway-visible former car dealership available for lease. The site sits across from the new 600,000-square-foot Amazon distribution center, Lincoln Electric, and is the gateway to the Euclid industrial market.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 27,192 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 27,192 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
ABOUT NORTHEAST
Northeast Cleveland encompasses some of Cleveland’s largest suburbs, such as Mentor, Willoughby, and Euclid. The area is a growing employment center and top employers in the area include Lake Hospital System, Avery Dennison, and Steris. Median household income within a 15-minute drive of the neighborhood sits just above $70,000, and consumer spending totals around $932 million. Northeast Cleveland is accessible via several major highways including Interstate 90 and State Route 2, which connect the metro’s northeast suburbs to downtown Cleveland.
With mid-range rents and proximity to residential areas, Northeast Cleveland is an attractive location for retail tenants. The area’s highly rated public schools and access to large parks and beaches is a major draw for young families. Northeast Cleveland also has a notable population of commuter students who attend Lake Erie College and Lakeland Community College.
Commercial centers in Northeast Cleveland are concentrated along Mentor Avenue and include Great Lakes Mall, Mentor Mall Shopping Center, and Points East Shopping Center. The area has drawn the attention of regional retailers that expanded into the Cleveland market in 2019. Wisconsin-based home improvement retailer, Menard’s, opened several locations in Cleveland including a store in Mentor; and Michigan-based supercenter, Meijer, also opened a store in Mentor. Additional investment in the area came from Amazon, which in 2019 delivered an 857,000-SF fulfillment center in Euclid on the site of the former Euclid Square Mall.
DEMOGRAPHICS
Demographics
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Paradise Island Saloon | Pub Food | $$ | 5 min walk |
| Mama Catena Ristorante | Pizza | $$ | 10 min walk |
| Carmella's Pizza Bazaar | Pizza | $$ | 14 min walk |
| Marta's Restaurant & Bar | American | $$ | 14 min walk |
| Guys Pizza Co. | - | $ | 15 min walk |
| Panini’s Bar & Grill | American | - | 16 min walk |
| Euclid Fire Department | - | - | 15 min walk |
| China Sea | Seafood | - | 16 min walk |
RETAIL |
||
|---|---|---|
| Convenient Food Mart | Convenience Market | 10 min walk |
| United States Postal Service | Business/Copy/Postal Services | 11 min walk |
| USPS | Business/Copy/Postal Services | 11 min walk |
| Ymca | Fitness | 12 min walk |
| Amazon | Other Retail | 15 min walk |
HOTELS |
|
|---|---|
| Four Points by Sheraton |
143 rooms
11 min drive
|
| Courtyard |
90 rooms
12 min drive
|
PROPERTY TAXES
| Parcel Number | 643-19-026 | Improvements Assessment | $456,952 CAD |
| Land Assessment | $491,401 CAD | Total Assessment | $948,353 CAD |
