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15705-15709 Lorain Ave 7,200 SF 100% Leased Retail Building Cleveland, OH 44111 $489,000 ($67.92/SF)
INVESTMENT HIGHLIGHTS
- For Sale & For Lease - Retail Space & Multifamily Apartments
- Completely Renovated!
- (2) 2-Bedroom Apartments & (1) Bedroom Efficiency $1,200/month + Utilities
- 13,000 VPD on Lorain Ave - Perfect Investment Opportunity
- (9) Dedicated Parking Spots
- (2) Retail Commercial Spaces $1,500/month + Utilities, Annual Gross Rents: $70,500
EXECUTIVE SUMMARY
Retail/Multifamily Investment Opportunity in Cleveland, OH.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,200 SF
Building Class
C
Year Built/Renovated
1920/2016
Price
$489,000
Price Per SF
$67.92
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.03
Lot Size
0.16 AC
Zoning
Commercial - Residential and commercial
Parking
9 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
74’ on Lorain Ave
AMENITIES
- Signage
- Skylights
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 025-31-005 | Improvements Assessment | $65,415 |
| Land Assessment | $9,940 | Total Assessment | $75,355 |
PROPERTY TAXES
Parcel Number
025-31-005
Land Assessment
$9,940
Improvements Assessment
$65,415
Total Assessment
$75,355
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15705-15709 Lorain Ave
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