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Tremont 2,435 SF Retail Building Cleveland, OH 44113 For Sale
Investment Highlights
- Corner lot with high traffic counts intersection of Literary Road and W 10th Street.
- Contact broker for pricing information.
Executive Summary
This mixed-use owner/user or value-add investment opportunity is located in the heart of Tremont, one of Cleveland’s most walkable and sought-after neighborhoods, and features a 2,200 SF triplex with retail, office, and residential income potential, including 518 to 1,025 SF of street-level retail or office space with direct frontage on West 10th Street and Literary Avenue, a flexible layout suitable for owner-occupancy, live/work use, or full investment, a full basement ideal for tenant storage or back-of-house operations, the ability to activate outdoor space for a courtyard or patio, and convenient access to Downtown Cleveland, Ohio City, and major highways.
Financial Summary (Pro Forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$61,200
|
$25.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,060
|
$1.26
|
| Effective Gross Income |
$58,140
|
$23.88
|
| Taxes |
$6,680
|
$2.74
|
| Operating Expenses |
$3,683
|
$1.51
|
| Total Expenses |
$10,363
|
$4.26
|
| Net Operating Income |
$47,777
|
$19.62
|
Financial Summary (Pro Forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $61,200 |
| Annual Per SF | $25.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,060 |
| Annual Per SF | $1.26 |
| Effective Gross Income | |
|---|---|
| Annual | $58,140 |
| Annual Per SF | $23.88 |
| Taxes | |
|---|---|
| Annual | $6,680 |
| Annual Per SF | $2.74 |
| Operating Expenses | |
|---|---|
| Annual | $3,683 |
| Annual Per SF | $1.51 |
| Total Expenses | |
|---|---|
| Annual | $10,363 |
| Annual Per SF | $4.26 |
| Net Operating Income | |
|---|---|
| Annual | $47,777 |
| Annual Per SF | $19.62 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,435 SF
Building Class
C
Year Built
1910
Tenancy
Single
Building Height
2 Stories
Building FAR
1.30
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
2F
Parking
2 Spaces (0.82 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 004-12-011 | Total Assessment | $85,260 (2025) |
| Land Assessment | $13,125 (2025) | Annual Taxes | $6,680 ($2.74/SF) |
| Improvements Assessment | $72,135 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
004-12-011
Land Assessment
$13,125 (2025)
Improvements Assessment
$72,135 (2025)
Total Assessment
$85,260 (2025)
Annual Taxes
$6,680 ($2.74/SF)
Tax Year
2024
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