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Cherri Harrell

cherriharrell@homesbyharrell.com +1(216) 269-6296

$ 399,999

Est. payment | -/mo

5,719 Sqft Lot

Save

$ 399,999

Est. payment | -/mo

Save

5,719 Sqft Lot

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

VOW - Northern Ohio Regional MLS (YES-MLS) /MLS Now

Listed by Thomas E Hodgkiss-Lilly • Howard Hanna • TomHLilly@gmail.com, 216-235-1047

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(216) 269-6296

cherriharrell@homesbyharrell.com

2078 S Taylor RD Cleveland Heights, OH 44118