2311 E 55th St - Retail FOR SALE


Cleveland, OH 44104- Fairfax
$100,000 USD
216-219-0290
2311 E 55th St, Cleveland, OH for Sale
$100,000 USD
Retail - FOR SALE
1/14
null | Request Cap Rate

2311 E 55th St
Cleveland, OH 44104
Fairfax


HIGHLIGHTS

  • 11,300 SF building with 3 units
  • Built in 1920
  • Zoned GR
  • Ideal for retail/street retail
  • Corner location for high visibility

OVERVIEW

Unique investment opportunity with this 11,300 SF property includes 1500 SF of retail store front with attached 3-story residential dwelling adjacent to large warehouse. All structures in need of renovation. Owner has made significant improvements that include new roof on the residential dwelling, new 2" waterline service for the entire complex, tuck pointing/reinforcement of masonry chimneys, removal of debris/refuse from buildings, and installation of new concrete along E. 55th Street. Improvements to date in excess of $150,000 is cost. Future possible plans include store front retail use, multi-family apartments, and warehousing. New developments and renovations are currently occurring in the Midtown neighbor. Adjacent to historical church on corner of Central and E. 55th that could be re-purposed for residential use.

FOR SALE DETAILS

PRICE

$100,000 USD

PRICE/SF

$9 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

2311 E 55th St NW, Cleveland, OH 44104

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

GR

APN/PARCEL ID

118-28-002

ASK ABOUT THIS PROPERTY

Rick Osborne Jr.The Osborne Group - KW CommercialMore Info
216-219-0290

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Rick Osborne Jr.The Osborne Group - KW CommercialMore Info
216-219-0290

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