15557 Lake Shore Blvd - Freestanding FOR SALE


Cleveland, OH 44110- North Collinwood
$399,900 USD
216-215-5727
15557 Lake Shore Blvd, Cleveland, OH for Sale
$399,900 USD
Freestanding - FOR SALE
1/9
null | 10.36% Cap Rate

15557 Lake Shore Blvd
Cleveland, OH 44110
North Collinwood


OVERVIEW

Here's an opportunity to acquire 15557 Lakeshore Boulevard, a well-maintained mixed-use investment property consisting of three residential units and two fully occupied commercial spaces. Positioned along a highly visible corridor with convenient access to public transportation, major highways, and neighborhood amenities, this asset offers investors immediate cash flow with additional upside potential through future rent increases. The residential component includes two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Recent updates have been completed throughout the apartment units, enhancing tenant appeal and reducing near-term capital expenditures. The commercial spaces are currently occupied, providing diversified income streams and stability. With all tenants current on rent and parking available for both residential and commercial occupants, this property presents an attractive opportunity for investors seeking a cash-flowing asset in Northeast Ohio.

FOR SALE DETAILS

PRICE

$399,900 USD

PRICE/SF

$78 USD /SF

CAP RATE

10.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LR

APN/PARCEL ID

112-14-025

ASK ABOUT THIS PROPERTY

Jermaine BurgeKeller WilliamsMore Info
216-215-5727

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Jermaine BurgeKeller WilliamsMore Info
216-215-5727

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.