0.48 Acres Lot
0.48 Acres Lot
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Rockport Homes
MLS Listing ID 5216323
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1973
Annual Tax Amount $12,958
Tax Year 2025
Lot Size 0.480 Acres
Acres 0.48
Property Sub-Type Other
Property Description
Designed for passive ownership, the property has been well maintained with improvements completed within the last five years, including a new roof, updated windows, carpeting, and AC system. Ample on-site parking in both front & rear lots with 34 parking spaces, along with adjacent street parking, provides convenience for tenants and visitors alike.
With strong visibility, a proven occupancy history, and an attractive 11% cap rate, this turnkey asset presents a rare opportunity to acquire a stabilized income-producing property in one of Cleveland's most desirable commercial corridors.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling Electric
Fireplace No
Exterior
Parking Features On Site, Paved, Parking Lot
Water Access Desc Public
Roof Type Asphalt
Present Use Mixed Use,Office
Total Parking Spaces 34
Building
Sewer Public Sewer
Water Public
Level or Stories One
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 027-12-005
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
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1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States