740-750 E 185th

Retail-Commercial for Sale
Catylist Listing ID: 30317618
Property Subtypes: Street Retail
Building Size (RSF): 13,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.50 Acres
Sale Price: $274,900
Unit Price: $21.15 PSF
Property Use Type: Investment
Building Name: 740 - 750 E 185th
Sale Terms: Undisclosed
Cap Rate: 12.13%
Average Occupancy Rate: 90
Last Updated: 10/19/2018

Overview / Comments

Fantastic Investment opportunity in Cleveland's E 185th Neighborhood. Fully occupied retail street building with a gross income of $50,000+ annually. Don't miss this great opportunity to own a piece of Cleveland while earning additional income.

Additional Details

Nearest MSA: Cleveland-Elyria
County: Cuyahoga
Tax ID/APN: 11409025
Zoning: COMMERCIAL RETAIL
Retail Clientele: General
Property Located Between: 90 and Lakeshore
Property Visibility: Excellent
Largest Nearby Street: E 185th
Feet of Frontage: 200
Highway Access: I-90/2
Airports: Cleveland Hopkins, Burke Lakefront
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1930
Year Renovated: 2010
Roof Type: Flat
Construction/Siding: Other
Exterior Description: Brick building with various sidings over top of the different retail tenants shops that occupy the building.
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Parking lot located behind the building

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,980 88,685 235,754
Median Age: 41.1 40.85 40.94
Households: 8,115 40,815 104,070
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.