9714 Lorain Ave - Storefront Retail/Residential FOR SALE


Cleveland, OH 44102
$99,999 USD
513-841-7000
9714 Lorain Ave, Cleveland, OH for Sale
$99,999 USD
Storefront Retail/Residential - FOR SALE
1/12
null | Request Cap Rate

9714 Lorain Ave
Cleveland, OH 44102


HIGHLIGHTS

  • Online Bidding Only
  • Mixed Use Value Add Opportunity

OVERVIEW

Mixed-use investment opportunity located in the West Boulevard neighborhood of Cleveland. This 6,046 SF building features two (2) separately demised storefront retail spaces directly on Lorain Ave and four (4) residential units above the storefront retail. The residential unit mix consists of two (2) one-bed/one-bath units and two (2) efficiency units. Three of the four residential units are currently occupied presenting investors with immediate rental income as well as a value-add opportunity to lease out the vacancy and increase existing rents. The property offers off street parking. A 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.

FOR SALE DETAILS

PRICE

$99,999 USD

PRICE/SF

$17 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

-

APN/PARCEL ID

005-24-004

ASK ABOUT THIS PROPERTY

Jeff LaneProdigy PropertiesMore Info
513-841-7000

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Jeff LaneProdigy PropertiesMore Info
513-841-7000

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