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7405-7419 Memphis Ave
Brooklyn, OH 44144
Retail Property For Sale
Investment Highlights
- Attractive Cap Rate & Strong NOI – Provides solid returns with excellent Day 1 cash flow
- Upside in Future Lease Conversions – Low rental rates and gross leases provide a new owner the opportunity to increase value and returns by raising re
- 100% Occupied – Very little historical vacancy with ease of lease-up long term
- High-Visibility Retail Center in Prime Location – Situated on Memphis Avenue near the intersection of Ridge Road, a well-trafficked retail corridor wi
- Diverse Tenant Mix with Stable Income – Anchored by established tenants such as Marco’s Pizza, Beauty/Nail Salon, and Fasteners Auto, ensuring a diver
- Strategic Location Near Major Employment & Retail Hubs – Located 5 miles from Downtown Cleveland with easy access to Interstates 71 and 480
Property Facts
Property Type
Retail
Property Subtype
Building Size
14,264 SF
Building Class
C
Year Built
1946
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
1.07 AC
Zoning
R-B
Parking
45 Spaces (3.15 Spaces per 1,000 SF Leased)
Frontage
164’ on Memphis Ave
Amenities
- Signage
Property Taxes
| Parcel Number | 432-25-004 | Improvements Assessment | $116,340 |
| Land Assessment | $65,520 | Total Assessment | $181,860 |
Property Taxes
Parcel Number
432-25-004
Land Assessment
$65,520
Improvements Assessment
$116,340
Total Assessment
$181,860
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