5011 Clark AVE, Cleveland, OH 44102
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5011 Clark AVE, Cleveland, OH 44102
5011 Clark AVE, Cleveland, OH 44102
5011 Clark AVE, Cleveland, OH 44102
5011 Clark AVE, Cleveland, OH 44102
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Joseph Luckino

Joseph Luckino

+1(740) 632-9111
$ 295,900
Est. payment /mo
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Price Dropped by $4K

5011 Clark AVE Cleveland, OH 44102

5,000 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Clark Fulton

MLS Listing ID 5242954

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1890

Annual Tax Amount $3,821

Tax Year 2023

Lot Size 5,000 Sqft

Acres 0.1148

Property Sub-Type Retail

Property Description

Mixed-use investment opportunity in Cleveland featuring a 984-square-foot retail storefront plus two updated 2-bedroom apartments with 1,684 total residential square feet. The storefront remains occupied by an active business at $1,475 per month with a lease through 09/30/2027, providing $17,700 in current annual income. Both residential units are vacant and actively marketed for rent at $900 and $925 per month, creating potential total gross income of $39,600 annually once fully leased. The 2,668-square-foot, two-story building includes a basement beneath the storefront with a private restroom, storage and utilities. Additional features include baseboard and forced-air heat, wall-unit cooling, public water and sewer, and on-street parking. Convenient urban location with public transportation and easy access to downtown, Ohio City, Tremont, University Circle and major commuter routes. A compelling opportunity for an investor seeking current commercial income with residential lease-up potential.

Location

State OH

County Cuyahoga

Interior

Heating Baseboard, Forced Air

Cooling Wall Unit(s)

Fireplace No

Exterior

Parking Features On Street

Fence Chain Link, Privacy

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Present Use Multi-Family,Mixed Use,Residential,Retail,Single Family

Building

Story 2

Foundation Basement, Block

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Updated/Remodeled

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 016-11-047

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Ryan Walsh • B2B Realty • 216-465-4011, sales@b2brealty.com

NEARBY SCHOOL & BUSINESS

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Joseph Luckino

Joseph Luckino

Broker License ID: C2015005262

+1(740) 632-9111

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5011 Clark AVE