2311 E 55th St NW, Cleveland, OH 44104 | 2311 E 55th St
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2311 E 55th St NW, Cleveland, OH 44104 2311 E 55th St
11,300 SF 100% Leased Retail Building Cleveland, OH 44104 $199,000 ($18/SF)
Investment Highlights
- 11,300 SF building with 3 units
- Zoned GR
- Corner location for high visibility
- Built in 1920
- Ideal for retail/street retail
Executive Summary
Unique investment opportunity with this 11,300 SF property includes 1500 SF of retail store front with attached 3-story residential dwelling adjacent to large warehouse. All structures in need of renovation. Owner has made significant improvements that include new roof on the residential dwelling, new 2" waterline service for the entire complex, tuck pointing/reinforcement of masonry chimneys, removal of debris/refuse from buildings, and installation of new concrete along E. 55th Street. Improvements to date in excess of $150,000 is cost. Future possible plans include store front retail use, multi-family apartments, and warehousing. New developments and renovations are currently occurring in the Midtown neighbor. Adjacent to historical church on corner of Central and E. 55th that could be re-purposed for residential use.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
11,300 SF
Year Built
1920
Price
$199,000
Price Per SF
$18
Percent Leased
100%
Building Height
4 Stories
Building FAR
1.44
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
GR
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 118-28-002 | Improvements Assessment | $740 |
| Land Assessment | $10,500 | Total Assessment | $11,240 |
PROPERTY TAXES
Parcel Number
118-28-002
Land Assessment
$10,500
Improvements Assessment
$740
Total Assessment
$11,240
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2311 E 55th St NW, Cleveland, OH 44104 | 2311 E 55th St
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