2800-2806 Mayfield Rd | Cleveland Heights, OH 44118
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- LoopNet Team
2800-2806 Mayfield Rd
Cleveland Heights, OH 44118
10-Unit Mixed Use | 9%+ Cap AS-IS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High-performing, cash-flowing, mixed-use property in the heart of the vibrant Coventry Village
- Long-term appreciation potential in a high-demand neighborhood
- Residential units feature refinished hardwood floors, modernized kitchens / bathrooms, in-unit laundry, central air & individual furnaces / HWTs
- Offers a 9% cap rate and double-digit cash-on-cash returns from day one
- 6 fully occupied, updated apartments, 2 commercial spaces, 2 storefronts
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
19,250 SF
Building Class
C
Year Built
1915
Percent Leased
70%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
9’
Building FAR
1.64
Lot Size
0.27 AC
Zoning
C3
Parking
8 Spaces (0.42 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Tenant Controlled HVAC
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 684-04-001 | Improvements Assessment | $153,090 |
| Land Assessment | $40,915 | Total Assessment | $194,005 |
PROPERTY TAXES
Parcel Number
684-04-001
Land Assessment
$40,915
Improvements Assessment
$153,090
Total Assessment
$194,005
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