2535 Scranton Rd
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2535 Scranton Rd
5,287 SF 75% Leased Retail Building Cleveland, OH 44113 $450,000 ($85/SF) 7.11% Cap Rate
Investment Highlights
- Situated in a premier location within one of the area's most popular neighborhoods.
- Property features updated suites with strong occupancy.
Executive Summary
Premier Location in One of Area's Most Popular Neighborhoods
Updated Suites with Strong Occupancy
Retail Space Available for Owner/User or Rent
Tenant Paid Utilities
Highly Walkable Area Minutes to Downtown and Major Employers
Updated Suites with Strong Occupancy
Retail Space Available for Owner/User or Rent
Tenant Paid Utilities
Highly Walkable Area Minutes to Downtown and Major Employers
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,287 SF
Building Class
C
Year Built/Renovated
1910/1940
Price
$450,000
Price Per SF
$85
Cap Rate
7.11%
NOI
$32,000
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.58
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
SI
Parking
2 Spaces (0.38 Spaces per 1,000 SF Leased)
Frontage
27 FT on Scranton Rd
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 004-11-015 | Improvements Assessment | $27,790 (2023) |
| Land Assessment | $3,850 (2023) | Total Assessment | $31,640 (2023) |
PROPERTY TAXES
Parcel Number
004-11-015
Land Assessment
$3,850 (2023)
Improvements Assessment
$27,790 (2023)
Total Assessment
$31,640 (2023)
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2535 Scranton Rd
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