2078-2080 S Taylor Rd - Storefront FOR SALE


Cleveland, OH 44118
$450,000 USD
216-721-1210
2078-2080 S Taylor Rd, Cleveland, OH for Sale
$450,000 USD
Storefront - FOR SALE
1/30
null | 8.52% Cap Rate

NEW


2078-2080 S Taylor Rd
Cleveland, OH 44118


OVERVIEW

Terrific opportunity for investor or owner-operator. Use the available unit as your blank canvas for a new business with a tenant already in place in the smaller unit. Two-unit storefront in high-density area with a significant traffic count. Small unit is currently rented at $1200/mo, while larger storefront was restaurant renting at $3500/mo before exiting. Grossed $56,400/year in rent, with a cap rate of 8.5% make this a safe investment. Surface parking in rear. Close to major retail developments, as well as new residential development. Stable area with average household incomes of $124k within the 1 mile radius. Rare opportunity.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$167 USD /SF

CAP RATE

8.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,769 SF

ZONING

C2

APN/PARCEL ID

687-05-060

ASK ABOUT THIS PROPERTY

Tom HodgkissHoward Hanna Real Estate ServicesMore Info
216-721-1210

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Tom HodgkissHoward Hanna Real Estate ServicesMore Info
216-721-1210

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