Residential home zoned General Commercial use. Turn this charming home into your dream business with endless possibilities or live and work in the same space! This is definitely a turnkey opportunity for entrepreneurs or senior business owners expanding there portfolio with multiple locations. Perfect location to build your sphere of clients that live in the neighborhood for whatever the usage is !! The basement is ideal for storage so you don't have to worry about not having enough room for things. Schedule a Showing Soon!
Fantastic opportunity for investors to acquire a 5-property SFR portfolio in the highly desirable 44122 and 44128 zip codes. Four of these properties are currently occupied, generating a total of $4,207 per month in gross rental income. The fifth property is vacant and requires some cosmetic updates to become rent-ready. The owner currently covers water and sewer expenses for the entire portfolio. With a proforma portfolio rent of approximately $7,000 per month, this deal presents a potential future cap rate of 12%! The properties are located in close proximity to each other, facilitating a smooth and efficient takeover process and easy management. Notably, the property at 4416 E 154th is subsidized, while the remaining properties are market rate, offering an ideal opportunity to transform this portfolio into a hands-off, cash-flowing Section 8 investment. Very straightforward and a great pick-up for any investor!
Distressed brick building in a prime location! Minutes from Opportunity Corridor and all major hospitals. A block from the historic Larchmere neighborhood, which features, festivals, shopping, and dining. Near new construction, and neighborhood development projects. This Mixed-use, residential, and commercial building was once a church, with a one-bedroom, one-bath apartment upstairs. A full rehab or Demo is required. The property is being sold AS-IS seller will make no repairs. Non assignable title. Property is distressed be cautious if entering. The information given is to the best of my knowledge. Buyers and agents are responsible for doing their own due diligence. The seller will consider all reasonable offers.
Fantastic opportunity to own a building in the heart of the Waterloo Arts District. Free standing Brick building built in the 1920's welcomes you to the district. Easy access to I90. This special building could be used for many types of businesses, gallery space, office space, local retail your vision your space! Full basement provides additional flexibility. How about a rooftop patio? Parking lot included.
Now is the time to grab this incredible opportunity to own The Euphoria Restaurant & Oxygen Lounge! This popular sports & restaurant complex offers a lively atmosphere of entertainment just blocks away from Cleveland State University! With almost 70,000 sq. feet, this venue has a 16 lane bowling alley with updated scoring boards, comfortable team/group seating areas, shoe rental and an entire second floor of spare parts. There is a full service restaurant with tall tables, cozy booths, couch seating, a full service bar with 17 seats and a well lit bandstand/stage and dance floor. To set the mood, there are sleek slim wall mounted electric fireplaces with glimmering effects. The full service kitchen is well equipped and has plenty of prep room, storage room and multiple coolers. Behind the long bar is plenty of work space, triple basin sinks and storage cabinets. Deliveries are easy to maintain through the back dock off the spacious parking lot and there is a washer & dryer in the garage as well. The massive second floor was once long ago a second bowling alley and now contains many spare parts for any future repairs. Owner envisions the second floor as a massive entertainment venue or expansion of the first floor restaurant/bar or possibly several apartments! Purchase includes the liquor license and all operating businesses with inventory. Property has a parking easement for use of neighboring lot. This is the perfect chance to become a premier destination as part of the excitement and popularity of downtown Cleveland's social scene.
Great rehab opportunity on East 185th St just south of Lakeshore. Currently zoned residential but previously used as a real estate office. Major commercial thoroughfare. Possible opportunity to position property as short term nurse housing given proximity to hospital. This is an as is sale. Opportunity abounds!
Distressed warehouse. Huge amount of space. Email agent for market rent roll & video tour along with complete investment analysis, drone footage, information on the mechanical systems of the building. Local & out of state investors welcome!
Welcome to this charming rehab opportunity in a prime location! This brick 2-story building offers 3,651 square feet of potential on a .031-acre lot with a basement. The building features a versatile layout, perfect for a variety of potential uses. With its solid construction and classic brick exterior, this property is an ideal canvas for your vision. Upstairs, you'll find a spacious apartment, offering comfortable living quarters or potential rental income. With some TLC, this property has the potential to become a fantastic investment opportunity or your dream project. Don't miss out on the chance to make this property your own! Schedule a showing today.
ABSOLUTELY GORGEOUS!! The perfect addition for any real estate portfolio. Completely renovated top to bottom - Newer: plumbing, electric, HVAC, roof, gutters and vinyl windows (120 of them!!). 19 unit apartment building (6 - studio, 8 - 1 Bed, 5 - 2 bed units) with 3 retail storefronts and an office space. Incredible occupancy rate - apartments will be 100% occupied by the end of the month. Adjacent parcel also included providing 13 - 16 parking spaces. Literally, every unit was gutted and remodeled. Each unit boasts refinished hardwood floors, 8 ft ceilings, updated kitchens (include: refrigerator, stove and microwave), updated bathrooms, in unit tank-less water heaters, furnaces and electric panels. Retail storefronts have also been completely renovated. Current gross rent w/ laundry is $190,992 - this does not include the office space (owner occupies) or the "rent ready" 2850 Sqft vacant retail storefront. ENORMOUS POTENTIAL for INCREASED INCOME: (1) Current rents are well below CMHA rental benchmarks (2) 5000 Sqft basement could be converted to add 4 additional 2 bedroom units and a 1 bedroom unit (3) Charging for parking spaces - $50 per month. Current cap rate 7.85 - could be considerably higher. Located in a high traffic and high rental demand area. Close to highway access, minutes from downtown Cleveland, close to Cleveland Clinic, University Hospital, Euclid Hospital, Lake Erie parks and beaches, restaurants, shopping and public transit. This is an exceptional property, location and opportunity!!!
Introducing a rare gem For sale and or For Lease in Cleveland's vibrant eco village, this historic hand car wash and detailing building presents an unbeatable opportunity. This building is set up as a auto detailers paradise. Nestled down the street from Gordon Square/Detroit Shoreway, it boasts a legacy dating back to the 1940s, making it a cornerstone of the community's automotive care for generations. Formerly under the meticulous care of its owner for two decades, this establishment now awaits its next visionary. With a capacity to accommodate six cars between its interior and exterior lines, complemented by an exclusive interior bay for meticulous detailing, it's designed for seamless operations and customer satisfaction. Enhanced with modern upgrades including new interior LED lighting and all mechanicals have been updated. Complete with a functional back office and stock room for streamlined inventory management, it offers the ideal canvas for entrepreneurial success. Don't miss your chance to own a piece of Cleveland's automotive history while shaping its future. Seize this opportunity today and drive your ambitions to new heights.
This well-established bar is now available for sale in a prime Cleveland location. The property boasts 1440 square feet of usable space, perfect for creating a comfortable and inviting atmosphere for your patrons. Key Features: Ample Parking: Both on-site and an extra lot included, ensuring convenient parking for your customers Fenced-in Private Area: A perfect space for outdoor seating or events, offering privacy and a unique atmosphere Potential Basement Kitchen: The possibility of adding a kitchen opens doors for expanding your menu and catering options Liquor License Included: Save time and money with a ready-to-use liquor license included in the sale. This prime location with ample space and amenities is a perfect opportunity for an experienced bar owner or restaurateur to create a thriving business.
Welcome to your next investment opportunity in the heart of Cleveland's historic Tremont neighborhood! This versatile commercial property presents a unique chance to capitalize on its prime location and potential for multiple income streams. Currently configured as a single apartment and a bustling hair salon, this property offers the flexibility to be transformed into three living units, each with its own separate HVAC systems already in place. The ground floor houses the salon, equipped with six styling stations, a bathroom, and a kitchen/break area. With minimal renovation, the back of the salon could easily be converted into a standalone unit featuring a bedroom, kitchen, full bathroom, and convenient washer/dryer hookups. Ascending to the second floor, you'll find a stylishly updated apartment showcasing a modern industrial aesthetic. The spacious layout includes a stunning kitchen, inviting living room, laundry room, and two bedrooms, complemented by two bathrooms. The crowning jewel awaits on the third floor, boasting a luxurious master bedroom with an en-suite bathroom featuring heated floors. The option to enclose the soffit and establish a distinct unit on this level further enhances the property's allure and value. Enjoy the luxury of three balconies offering picturesque views of downtown Cleveland, providing the perfect backdrop for relaxation and entertainment. Six parking spaces are included, enhancing accessibility for tenants. Currently, the salon commands a rental income of $2,892, while the apartment generates $3,914, with both rents increasing by a steady 3% annually. Whether you're an investor seeking multiple revenue streams or a homeowner looking to offset mortgage costs, this property presents an exceptional opportunity to capitalize on the vibrant Tremont neighborhood's ever-growing demand for residential and commercial spaces. Don't miss out on making this your next successful venture!
The Brothers Lounge, located at 11609 Detroit Avenue in Cleveland, Ohio, has been a Cleveland landmark since 1959. Founded by Fred and Ed Sabath, The Brothers Lounge is the oldest music club in Cleveland. It was known for its quality ethnic foods, and great jazz and blues music. The Brothers Lounge has seen on its stage national performers such as BB King, Bonnie Raitt, Buddy Guy, and Anton Figg (drummer for Dave Letterman), to name a few. It was the place where national performers could feel at home and mix with Cleveland's "local talent." American blues legend Robert Lockwood, Jr. started performing regularly at The Brothers Lounge in 1977 and continued to do so until 1990. In 2004, the current owner, Christian Riemenschneider bought the building and contents with the goal of resurrecting The Brothers Lounge as a Cleveland landmark. Riemenschneider masterfully renovated the space, utilizing every square inch to its highest and best use, employing top-of-the-line materials and unparalleled craftsmanship, and equipping it with state-of-the-art sound & security technology, all while meticulously preserving the club's original character and inimitable charm.
BUSINESS ONLY FOR SALE BUILDING LEASE IS 6000.00 The Brothers Lounge, located at 11609 Detroit Avenue in Cleveland, Ohio, has been a Cleveland landmark since 1959. Founded by Fred and Ed Sabath, The Brothers Lounge is the oldest music club in Cleveland. It was known for its quality ethnic foods, and great jazz and blues music. The Brothers Lounge has seen on its stage national performers such as BB King, Bonnie Raitt, Buddy Guy, and Anton Figg (drummer for Dave Letterman), to name a few. It was the place where national performers could feel at home and mix with Cleveland's "local talent." American blues legend Robert Lockwood, Jr. started performing regularly at The Brothers Lounge in 1977 and continued to do so until 1990. In 2004, the current owner, bought the building and contents with the goal of resurrecting The Brothers Lounge as a Cleveland landmark. Owner masterfully renovated the space, utilizing every square inch to its highest and best use, employing top-of-the-line materials and unparalleled craftsmanship, and equipping it with state-of-the-art sound & security technology, all while meticulously preserving the club's original character and inimitable charm. 5035948 Building for sale!
Very rare 59 unit portfolio on Ridge Rd. All buildings are professionally managed, fully stabilized, renovated and producing cash flow. Portfolio consists of 8 total buildings. Four buildings in Cleveland, two buildings in Brooklyn & two buildings in Parma. Email Agent for video tour, drone footage, rent roll, investment analysis, building specs & much more. Professional property management available. Agent owned. Local & out of state investors welcome.
Great opportunity for three buildings on two lots. The white building to the east is currently configured as three large apartments, and one storefront that used to be a restaurant. The basement is also huge and was at one point in time bar. The front building to the right is condemned but has a solid brick structure that with the right contractor can be restored. It also has two apartments on the second floor, but would need extensive work throughout. The rear building on the west is a brick duplex of which we have no knowledge of the condition. This whole property is a diamond in the rough with seven total apartment units and two storefronts awaiting your redevelopment skills! SHOWINGS REQUIRE ENTERING AT YOUR OWN RISK! MUST SEND THE RELEASE & WAIVER FOUND IN SUPPLEMENTS TO LISTING AGENT BEFORE SHOWING.
This property can also be leased at $1,500 per month. Prime location for Auto Repair, Storage or Retail. Light causes cars to stop & stare at building. Renovated in 2023. 20 parking spaces, 3 Hose bibs, 2 Floor drains. Unit A: 2900 SF Shop + 860 SF Office, Kitchen, and bath. Two 10x12 Roll-ups in 2 large shops. Offices with storeroom, HVAC and insulated. Unit B: 3540 SF Shop + 940 SF Office, Kitchen, and bath. 40' x 30' shop with Roll-up, 30' x 90' shop with Roll-up, 2 offices, lobby, kitchen and bathroom, Unit C - 350 SF Office with own door
Enter at your own risk! This brick structure with a second floor needs extensive repairs. Roof is collapsing in several areas. Adjacent lot is included in the sale. Desirable location close to Opportunity Corridor, Buckeye, Shaker Square, E. 55th Corridor.
Welcome to one of downtown Cleveland's original mansions. Located right down the street from Cleveland State and downtown, this building is on the list of National Historic places as the Jeremiah Ensworth House. Built as a private mansion in 1875, this 6,600 sq foot building still boasts the 6 original marble fireplaces and all the original giant floor to ceiling window wells bringing in tons of natural light! The home was built in the Queen Anne style that was popular in the late 1800s. This entire building has been renovated from top to bottom with exquisite finishes. Plenty of offices, board rooms, 2 full kitchens and 3 bathrooms grace this building. Even the 3rd floor has been renovated with a beautiful sky light and open concept, equipped with a sound proof media room that could be used for podcasts. All new flooring has been installed throughout the building and kitchens and baths have all been renovated. Don't miss out on the chance to make this character filled treasure your own headquarters for your business as it wont last long!! And checkout the virtual tour video located right below the pics.
Retail! Excellent frontage! High traffic corner, main street across from hospital. Delivery door, multiple drive thru lanes. Plenty of compliant lanes. Ingress/Egress from two main Roads. Rear mezzanine level with elevator for additional storage. Womens and Men's restrooms. Freezers and cold storage stay. Security system and security doors.
Welcome to 1340 West 65th, a meticulously maintained mixed-use commercial property offering an exceptional blend of residential and retail convenience. In the heart of Gordon Square, this property presents an enticing prospect for investors seeking both steady rental income and long-term appreciation. Great potential for value add. Rents are underneath market and a few units are due for cosmetic upgrade. See virtual walkthrough. Newer rubber roof (2020). Newer boilers (2017-2019). Newer minisplits in retail space. Seller also owns blue building next door located at 1344 West 65th. Seller would potentially sell both as a package deal. View the virtual tour to see all the units. Property being sold as is.
There is limitless potential with this commercial flex space property! Located by Opportunity Corridor and a mere 15-minute commute from downtown Cleveland, this property offers a wealth of opportunities for the savvy business owner. The electrical, plumbing and roof were just updated in 2023! With a generous 8600 square feet of adaptable space spread across two expansive stories, it's equipped with two convenient bathrooms and handicap accessibility, the possibilities for this space truly are endless. Whether you envision it as a dynamic office space, a versatile hall rental venue, a convenient warehouse, or a functional loading dock facility, this property can effortlessly accommodate your vision.
Prime opportunity awaits at this bustling intersection! An empty commercial lot, ripe for development, beckons savvy investors. With its unbeatable location and boundless potential, seize this chance to make your mark in a thriving community. Don't miss out on this exceptional investment opportunity
6 unit apartment building that needs total rehab*endless cash flow possibilities with amazing properties close to downtown cleveland and i90*
Welcome to a piece of Cleveland's rich history! Nestled in the heart of the North Broadway region, this historical gem - compromised of nearly 18,000 sq ft - offers a unique opportunity for visionary redevelopment. Situated just steps away from the newly developed "5115 The Rising" complex, this location is poised for further growth and development, thanks to its direct access to the Opportunity Corridor. Whether you're an investor seeking prime real estate or a developer with a flair for revitalization, this property presents a rare and unique canvas for your vision. Originally registered as a hub for commerce/trade for both business and financial institutions, this sprawling property was most recently used for retail on the first floor, apartments on the second floor and a church located on the third. As you step inside, you'll be greeted by the echoes of a bygone era, with original woodwork, lofty ceilings, and other charming details that harken back to its illustrious past. Though currently vacant, this building brims with potential, awaiting a comprehensive redevelopment and renovation to reclaim its former glory. Listed on the National Register of Historic Places since 1988 as part of "The Broadway Avenue Historic District," this building stands as a testament to Cleveland's enduring heritage. Don't miss your chance to be a part of its next chapter – seize the opportunity to restore this architectural treasure and breathe new life into its historic halls.
Cleveland is located in Ohio. Cleveland, Ohio has a population of 388,812. Cleveland is less family-centric than the surrounding county with 15.93% of the households containing married families with children. The county average for households married with children is 24.44%.
The median household income in Cleveland, Ohio is $27,854. The median household income for the surrounding county is $46,720 compared to the national median of $57,652. The median age of people living in Cleveland is 35.8 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 23.2 degrees. The average rainfall is approximately 39.6 inches per year, with 66.3 inches of snow per year.
