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Edison's Pub Building 2373 Professor Ave 7,234 SF 100% Leased Retail Building Cleveland, OH 44113 $1,300,000 ($179.71/SF) 8.08% Cap Rate
Investment Highlights
- Popular and thriving Tremont location
- On-site parking for customers and staff
- Significant expansion and redevelopment potential
- Established building with strong neighborhood presence
- Additional vacant lot included
- Convenient access to downtown and major highways
Executive Summary
Located in the highly sought-after Tremont neighborhood, this well-established property offers exceptional visibility and growth potential. The sale includes an existing building with dedicated parking and an adjacent vacant lot, providing ample opportunity for expansion or future development. Offered by owner of 36 years. Properties with both parking and expansion land in Tremont are increasingly rare, making this a unique opportunity for long-term value and growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,234 SF
Building Class
C
Year Built
1910
Price
$1,300,000
Price Per SF
$179.71
Cap Rate
8.08%
NOI
$105,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.00
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Frontage
90’ on Professor St.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Edison's Pub
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Edison's Pub | - | - | - | - |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 004-16-095 | Improvements Assessment | $128,940 |
| Land Assessment | $45,745 | Total Assessment | $174,685 |
Property Taxes
Parcel Number
004-16-095
Land Assessment
$45,745
Improvements Assessment
$128,940
Total Assessment
$174,685
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Edison's Pub Building | 2373 Professor Ave