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$399,999
Est. payment /mo
5,719 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Meadowbrook
MLS Listing ID 5184077
HOA Y/N No
Year Built 1947
Annual Tax Amount $6,401
Tax Year 2025
Lot Size 5,719 Sqft
Acres 0.1313
Property Sub-Type Retail
Property Description
Terrific opportunity for investor or owner-operator. Use the available unit as your blank canvas for a new business with a tenant already in place in the smaller unit. Two-unit storefront in high-density area with a significant traffic count. Small unit is currently rented at $1200/mo, while larger storefront was restaurant renting at $3500/mo before exiting. Grossed $56,400/year in rent, with a cap rate of 9.6% make this a safe investment. Surface parking in rear. Close to major retail developments, as well as new residential development. Stable area with average household incomes of $124k within the 1 mile radius. Rare opportunity.
Location
State OH
County Cuyahoga
Rooms
Basement None
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Water Access Desc Public
Roof Type Rubber
Present Use Retail
Building
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 687-05-060
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Thomas E Hodgkiss-Lilly • Howard Hanna • TomHLilly@gmail.com, 216-235-1047
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