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2291-2299 Lee Rd 6,850 SF 100% Leased Retail Building Cleveland, OH 44118 $900,000 ($131.39/SF) 8.04% Cap Rate
Investment Highlights
- One of Cleveland Heights most popular bar/restaurant on a popular corner featuring new roof, outdoor wet bar and brick outdoor seating.
- Fully occupied retail investment opportunity just outside University Heights.
Executive Summary
Roof replaced in 2023. Front entrance repaired and reconfigured including new awnings 2019-2022. Patio building includes bar and outdoor dining area.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,850 SF
Building Class
C
Year Built/Renovated
1924/2019
Price
$900,000
Price Per SF
$131.39
Cap Rate
8.04%
NOI
$72,337
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.53
Lot Size
0.30 AC
Zoning
C2-X
Parking
10 Spaces (0.61 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Storage Space
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- My New Vacuum Store
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Tavern Co
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| My New Vacuum Store | Retailer | 99,999 SF | - | Lorem Ipsum | - | |
| Tavern Co | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 687-08-012 | Improvements Assessment | $96,040 |
| Land Assessment | $20,755 | Total Assessment | $116,795 |
Property Taxes
Parcel Number
687-08-012
Land Assessment
$20,755
Improvements Assessment
$96,040
Total Assessment
$116,795
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2291-2299 Lee Rd
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