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2197 Murray Hill Rd 14,086 SF 100% Leased Retail Building Cleveland, OH 44106 For Sale
Investment Highlights
- 14 Residential Units including 28 bedrooms.
- 20 parking spaces
- Pizza shop with outdoor dining
Executive Summary
Positioned in the heart of Cleveland’s historic and vibrant Little Italy on Murray Hill. This exceptional investment opportunity features a rare four-property portfolio totaling 14 residential units with 28 bedrooms, along with an operational pizza shop equipped with outdoor dining space, and a unique art gallery space, with half bath. The property is supported by 20 parking spaces, an invaluable amenity in this neighborhood. The portfolio is composed of: a mixed-use building featuring the pizza shop with five 2-bedroom residential units above; an art gallery with three 2-bedroom units; a four-unit multifamily (quadraplex); and a separate duplex. This diverse unit mix provides multiple income streams and long-term upside. Located just steps from University Circle, University Hospitals, Case Western Reserve, the property benefits from strong rental demand driven by proximity to major employment hubs, cultural institutions, and the heart of Little Italy’s renowned dining and arts scene. Whether you’re seeking a stabilized, income-producing asset or a value-add/development opportunity in one of Cleveland’s most desirable neighborhoods, this is a rare chance to own a cornerstone portfolio in Little Italy.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Building Size
14,086 SF
Building Class
C
Year Built/Renovated
1921/1982
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.00
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
LR
Frontage
148’ on Murray Hill Rd
Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 121-07-006 | Improvements Assessment | $114,205 |
| Land Assessment | $46,830 | Total Assessment | $161,035 |
Property Taxes
Parcel Number
121-07-006
Land Assessment
$46,830
Improvements Assessment
$114,205
Total Assessment
$161,035
Contacts
-
Century 21 Excellence Realty Tony DeAnna -
Colin
Biro
- Century 21 Excellence Realty
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