12816 Detroit Ave - Office/Residential FOR SALE


Lakewood, OH 44107
$349,900 USD
216-236-3004
12816 Detroit Ave, Lakewood, OH for Sale
$349,900 USD
Office/Residential - FOR SALE
1/2
null | Request Cap Rate

NEW


12816 Detroit Ave
Lakewood, OH 44107


OVERVIEW

Unlock the potential of 65 feet of prime Detroit Road frontage in central Lakewood! This property presents a unique opportunity for redevelopment or significant renovation. Zoned for Mixed use Apartments, office or retail use, it's an ideal candidate for a tear-down and new build, or a complete overhaul of the existing structure. One unit is currently occupied, it was setup as a 4 unit property at one point with 2 -1 bedroom apartments, retail on the first floor of the house and offices upstairs. The property requires full rehabilitation but is currently up to code and benefits from a roof replacement done roughly two years ago (c. 2023). Newer front parking lot up to 6 cars and back fenced in lot with Garage.

FOR SALE DETAILS

PRICE

$349,900 USD

PRICE/SF

$80 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1903

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

Residential

APN/PARCEL ID

312-32-001

ASK ABOUT THIS PROPERTY

Dimitrios GountisCitiroc Real EstateMore Info
216-236-3004

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Dimitrios GountisCitiroc Real EstateMore Info
216-236-3004

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.