9714 Lorain Ave
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9714 Lorain Ave
6,046 SF Retail Building Cleveland, OH 44102 $99,999 ($17/SF)
Investment Highlights
- Online Bidding Only
- Mixed Use Value Add Opportunity
Executive Summary
Mixed-use investment opportunity located in the West Boulevard neighborhood of Cleveland. This 6,046 SF building features two (2) separately demised storefront retail spaces directly on Lorain Ave and four (4) residential units above the storefront retail. The residential unit mix consists of two (2) one-bed/one-bath units and two (2) efficiency units. Three of the four residential units are currently occupied presenting investors with immediate rental income as well as a value-add opportunity to lease out the vacancy and increase existing rents. The property offers off street parking. A 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.
Property Facts Under Contract
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,046 SF
Year Built
1920
Price
$99,999
Price Per SF
$17
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.39
Lot Size
0.10 AC
Zoning
Local Landmark District - Designated for their historical, architectural, or cultural significance.
Frontage
25 FT on Lorain
Walk Score ®
Very Walkable (83)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 005-24-004 | Improvements Assessment | $31,890 |
| Land Assessment | $6,790 | Total Assessment | $38,680 |
PROPERTY TAXES
Parcel Number
005-24-004
Land Assessment
$6,790
Improvements Assessment
$31,890
Total Assessment
$38,680
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9714 Lorain Ave
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