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5718 Lorain Ave

1,600 SF Retail Building Cleveland, OH 44102 $267,902 CAD ($167 CAD/SF)

Investment Highlights

  • Great Location
  • Lots of Potential
  • Primary Street

Executive Summary

There is approximately 2,000 square feet that can be used. The building is a shell just needs final touches to design as new owner see fit. Property is framed in. No major mechanicals ran other than electrical. Perfect Live / Work opportunity. Store front on First floor. Large basement with high ceilings great for storage. Offices or apartments on the second and third level. Bring your dreams and ideas to this property. So much potential.
Discover this fantastic opportunity in a rapidly growing and improving area along Historic Lorain Ave! This 2,000 sq ft mixed-use commercial building offers the perfect blend of retail / office space, ideal for a variety of businesses. First floor features a spacious, open retail area with great street frontage, perfect for drawing in foot traffic and providing excellent visibility for your business. The second / third floor offers flexible office space that can be tailored to fit your business needs, offering a quiet and professional atmosphere for work or meetings or employee spaces. The full basement could provide endless potential, high ceilings and plenty of natural light, making it an ideal space for storage or even additional workspace or light manufacturing. Located in an area that’s continually on the rise, this property is surrounded by a vibrant mix of local businesses and offers easy access to major routes and public transportation. New Roof, New Windows, New siding, Electrical panel and service, interior framing. Seize this opportunity to establish or expand your business in one of Cleveland’s most promising areas!

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,600 SF
Year Built
1900
Price
$267,902 CAD
Price Per SF
$167 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.46
Land Acres
0.08 AC
Zoning
Commercial - Limited Retail Business
Frontage
25 ft on Lorain Avenue
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
002-31-003
Land Assessment
$5,338 CAD
Improvements Assessment
$7,983 CAD
Total Assessment
$13,321 CAD
  • Listing ID: 33856497

  • Date on Market: 2024-11-13

  • Last Updated:

  • Address: 5718 Lorain Ave, Cleveland, OH 44102

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