2888 Mayfield Rd - Auto Dealership FOR SALE
Cleveland, OH 44118 |
$1,432,859 USD
818-859-9391
2888 Mayfield Rd
Cleveland, OH 44118
HIGHLIGHTS
- Passive Investment: Net lease opportunity with 3% annual increases and limited landlord responsibilities.
- Possible Owner/User Investment: Contact broker for more information.
- High Barriers to Entry & Automotive Synergies: Urban infill location with limited opportunities for new automotive uses or developments.
- Cleveland Heights Submarket: Densely populated surrounding market area, population of ±17,500 and ±$77,500 average household income in a 1 mi radius.
- Close proximity to 6 automotive dealerships and service centers.
- Single-Tenant Automotive Building: The subject property is occupied by Drivechoice and utilized as an automotive lot and reconditioning facility.
FOR SALE DETAILS
PRICE
$1,432,859 USD
PRICE/SF
$191 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Dealership
ADD'L SUBTYPES
undefined, Auto Repair, Showroom
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1951
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
684-06-009,684-06-010
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818-859-9391
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818-859-9391
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