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$ 439,000
Est. payment | /mo
4,800 Sqft Lot
$ 439,000
Est. payment | /mo
4,800 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Brookview
MLS Listing ID 5208415
HOA Y/N No
Year Built 1955
Annual Tax Amount $3,535
Tax Year 2025
Lot Size 4,800 Sqft
Acres 0.1102
Property Sub-Type Retail
Property Description
DON'T MISS THIS COMMERCIAL TRIPLE NET (NNN) ALL BRICK 2 STORY INVESTMENT!!
This 2-story commercial property sits on one of Cleveland's highest traffic streets. Great visibility!
Fully occupied. This investment offers Rental Income of about $53,000 Gross Annual w/ 10.8% CAP.
Parking: upfront and includes 6 off street parking spaces. Leases are both NNN - No maintenance w/ As Is Occupancy and all maintenance and repairs deferred to occupants in leases.
- Main / Basement floors:
Occupied by established regional retail tobacco / vape. Certificate of Occupancy in process and awaiting finalization from City of Parma. Occupant has been in in place 5+ months while submitting Cet of Occupancy to city and is / has been current. % year NNN lease in place.
- 2nd floor:
Occupied by established 7 + year Local / Regional Digital / Photo / Video and Design Studios. 2nd floor tenant has been in place three years and is NNN and is / has been current since occupancy. 2 Years remain on lease w/ 2) 3-year options
INC / EXP:
- Property Taxes - $3,743
- Insurance - $1,734
* Annually Each occupant has the balance of their lease with 5 and 2-year options respectively.
* No Delinquencies or back rents.
* Tenants pay for all utilities and maintenance.
* Deposits in escrow for all units.
Contact your agent today for more info.
This 2-story commercial property sits on one of Cleveland's highest traffic streets. Great visibility!
Fully occupied. This investment offers Rental Income of about $53,000 Gross Annual w/ 10.8% CAP.
Parking: upfront and includes 6 off street parking spaces. Leases are both NNN - No maintenance w/ As Is Occupancy and all maintenance and repairs deferred to occupants in leases.
- Main / Basement floors:
Occupied by established regional retail tobacco / vape. Certificate of Occupancy in process and awaiting finalization from City of Parma. Occupant has been in in place 5+ months while submitting Cet of Occupancy to city and is / has been current. % year NNN lease in place.
- 2nd floor:
Occupied by established 7 + year Local / Regional Digital / Photo / Video and Design Studios. 2nd floor tenant has been in place three years and is NNN and is / has been current since occupancy. 2 Years remain on lease w/ 2) 3-year options
INC / EXP:
- Property Taxes - $3,743
- Insurance - $1,734
* Annually Each occupant has the balance of their lease with 5 and 2-year options respectively.
* No Delinquencies or back rents.
* Tenants pay for all utilities and maintenance.
* Deposits in escrow for all units.
Contact your agent today for more info.
Location
State OH
County Cuyahoga
Rooms
Basement Full, Concrete, Unfinished
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Concrete, On Site, Paved, Parking Lot, Private
Water Access Desc Public
Roof Type Asphalt,Rolled/Hot Mop
Present Use Commercial,Office,Retail
Total Parking Spaces 6
Building
Story 2
Foundation Basement, Block
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Parma Csd - 1824
Others
Tax ID 445-01-036
Listed by James P Matheos • Keller Williams Citywide • jmatheos@kw.com, 440-847-9033
NEARBY SCHOOL & BUSINESS