2197 Murray Hill Rd - Storefront Retail/Residential FOR SALE


Cleveland, OH 44106- University Circle
$2,700,000 USD
440-823-1967
2197 Murray Hill Rd, Cleveland, OH for Sale
$2,700,000 USD
Storefront Retail/Residential - FOR SALE
1/27
null | Request Cap Rate

2197 Murray Hill Rd
Cleveland, OH 44106
University Circle


HIGHLIGHTS

  • 14 Residential Units including 28 bedrooms.
  • Pizza shop with outdoor dining
  • 20 parking spaces

OVERVIEW

Positioned in the heart of Cleveland’s historic and vibrant Little Italy on Murray Hill. This exceptional investment opportunity features a rare four-property portfolio totaling 14 residential units with 28 bedrooms, along with an operational pizza shop equipped with outdoor dining space, and a unique art gallery space, with half bath. The property is supported by 20 parking spaces, an invaluable amenity in this neighborhood. The portfolio is composed of: a mixed-use building featuring the pizza shop with five 2-bedroom residential units above; an art gallery with three 2-bedroom units; a four-unit multifamily (quadraplex); and a separate duplex. This diverse unit mix provides multiple income streams and long-term upside. Located just steps from University Circle, University Hospitals, Case Western Reserve, the property benefits from strong rental demand driven by proximity to major employment hubs, cultural institutions, and the heart of Little Italy’s renowned dining and arts scene. Whether you’re seeking a stabilized, income-producing asset or a value-add/development opportunity in one of Cleveland’s most desirable neighborhoods, this is a rare chance to own a cornerstone portfolio in Little Italy.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$192 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Office/Residential, undefined

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1921

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,028 SF

ZONING

LR

APN/PARCEL ID

121-07-004,121-07-005,121-07-006,121-07-007

ASK ABOUT THIS PROPERTY

Tony DeAnnaCentury 21 Excellence RealtyMore Info
440-823-1967

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Tony DeAnnaCentury 21 Excellence RealtyMore Info
440-823-1967

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