Listed By
Agency Name: B2B Realty
Agency Contact: 216-465-4011, sales@b2brealty.com
Shown By
Agent Name: Jennifer Williams
Agent Phone: (614) 271-0407
Agency Title: Cutler Real Estate
TOUR PROPERTY
Choose a date and time to see 5011 Clark Avenue, Cleveland, OH 44102.
I will get in touch with you shortly.
Property Description
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.
Property Features
Property Type: Commercial - Retail
Basement: Yes
Cooling: Wall Unit(s)
Days on Market: 1
Heating: Baseboard, Forced Air
Lot Size: 0.11 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $3,821 / year
Year Built: 1890
Feature Descriptions
Building Features: Private Restrooms
Fencing: Chain Link, Privacy
Parcel#: 016-11-047
Parking: On Street
Sewer: Public Sewer
Units: 3
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Print This Listingx
Select a format below, new window will open and will prompt you to print.
5011 Clark Avenue | MLS# 5242954
This commercial property located at 5011 Clark Avenue, Cleveland, OH 44102 is currently listed for sale with an asking price of $299,900. Clark Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.jenniferwilliams.homes today.