5011 Clark Avenue Cleveland, OH 44102
Retail
MLS #: 5242954
Courtesy Of B2B Realty
Property InformationDescription
Mixed-use investment opportunity in Cleveland featuring a 984-square-foot retail storefront plus two updated 2-bedroom apartments with 1,684 total residential square feet. The storefront remains occupied by an active business at $1,475 per month with a lease through 09/30/2027, providing $17,700 in current annual income. Both residential units are vacant and actively marketed for rent at $900 and $925 per month, creating potential total gross income of $39,600 annually once fully leased. The 2,668-square-foot, two-story building includes a basement beneath the storefront with a private restroom, storage and utilities. Additional features include baseboard and forced-air heat, wall-unit cooling, public water and sewer, and on-street parking. Convenient urban location with public transportation and easy access to downtown, Ohio City, Tremont, University Circle and major commuter routes. A compelling opportunity for an investor seeking current commercial income with residential lease-up potential.
Features
- Age: Over 50 Years Old
- Building Units: 3
- Cooling System: Wall Unit(s)
- Floors: 2
- Heating System: Baseboard
- Heating System: Forced Air
- Legal Description: 47 HOYT 0009 ALL
- MLSID: 5242954
- Roof Type: Asphalt
- Roof Type: Fiberglass
- Rooms: Basement
MAP & DIRECTIONS
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