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Highway Visible Former Car Dealership 940 Babbitt Rd

27,192 SF Retail Building Euclid, OH 44123 $4,000,000 ($147/SF)

Virtual Tour

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 7% broker incentives. All brokers encouraged to schedule a tour. 1st All Investments is looking for broker representation for their properties.

Executive Summary

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.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
27,192 SF
Building Class
B
Year Built
1994
Price
$4,000,000
Price Per SF
$147
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
5.60 AC
Opportunity Zone
Yes
Zoning
U4 - Retail and Services
Frontage
853 FT on Babbitt Road

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 27,192 SF
  • Office/Retail
  • -
  • Now

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

1st Floor

Size 27,192 SF
Space Use Office/Retail
Position -
Available Now

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.

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

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
12,749
79,195
172,272
298,106
2029 Population
12,462
78,073
170,135
297,865
2024-2029 Projected Population Growth
-2.3%
-1.4%
-1.2%
-0.1%
Median Age
38.3
42.2
42.7
42.4
College Degree + Higher
14%
21%
25%
18%
Daytime Employees
8,814
35,640
64,593
117,462
Total Businesses
521
3,109
6,521
13,300
Average Household Income
$48,697
$59,527
$65,799
$68,656
Median Household Income
$40,693
$44,542
$47,582
$49,110
Total Consumer Spending
$113.6M
$808.6M
$1.9B
$3.3B
2024 Households
5,884
36,830
79,281
135,077
Average Home Value
$92,193
$140,639
$170,838
$179,499

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

PROPERTY TAXES

Parcel Number
643-19-026
Land Assessment
$375,660
Improvements Assessment
$332,850
Total Assessment
$708,510
  • Listing ID: 33946093

  • Date on Market: 11/21/2024

  • Last Updated:

  • Address: 940 Babbitt Rd, Euclid, OH 44123

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