UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Brookview
MLS Listing ID 5208415
HOA Y/N No
Year Built 1955
Annual Tax Amount $3,535
Tax Year 2025
Lot Size 4,800 Sqft
Acres 0.1102
Property Sub-Type Retail
Property Description
This 2-story commercial property sits on one of Cleveland's highest traffic streets. Great visibility!
This property boasts about $53,000 Gross Annual w/ 10.8% CAP. 2 suites w/ ~10,800 + sq feet retail/office and 3500+ sq feet open storage space in basement accessed by main floor unit and includes 6 off street parking spaces up front. This fully occupied turnkey investment is triple Net tenancy with $4,400 Mo/ $49,200 Annual Income.
This low - to no maintenance asset is prime to add value and cash flow w/ no management and/or low maintenance to your portfolio.
1st Floor - Occupants: Main Floor - established Tabacco and Vape Retailer - 5-year lease (has been in business for 10 + years and uses the space for warehousing only.
2nd Floor occupant - A well established and growing commercial photography / digital imaging company. (Lease has 2 years left)
- Property Taxes - $3,743
- Insurance - $1,734
Annually Each occupant has the balance of their lease with 5 and 2-year options respectively.
No Delinquencies or back rents.
Tenants pay for all utilities and maintenance. Deposits in escrow for all units.
Location
State OH
County Cuyahoga
Rooms
Basement Full, Concrete, Unfinished
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Concrete, On Site, Paved, Parking Lot, Private
Water Access Desc Public
Roof Type Asphalt,Rolled/Hot Mop
Present Use Commercial,Office,Retail
Total Parking Spaces 6
Building
Story 2
Foundation Basement, Block
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Parma Csd - 1824
Others
Tax ID 445-01-036
Nearby Locations
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Zachary Underwood
Broker | License ID: BRKP.2014000258
Broker License ID: BRKP.2014000258