4635 Northfield Rd - Freestanding FOR SALE


Cleveland, OH 44128
$900,000 USD
216-373-7727
4635 Northfield Rd, Cleveland, OH for Sale
$900,000 USD
Freestanding - FOR SALE
1/24
null | Request Cap Rate

NEW


4635 Northfield Rd
Cleveland, OH 44128


OVERVIEW

North Randall Village • 10,455 SF freestanding building • 3 units • 8 drive-in doors • Repair shop 7 bays • Body shop with deluxe spray booth • High-visibility Monument sign on Northfield Rd • Approx 50 parking Located on Northfield Rd just south of Emery, 4635 Northfield Rd in North Randall offers a turn-key automotive and flexible commercial setup for an owner-operator or investor, with convenient access to Greater Cleveland amenities, freeway routes, shopping, and dining. Total 10,455 SF on 1.26 acres with approx 900 SF office and three separately metered units, each with its own HVAC. Auto repair area features 7 service bays with seven 10x10 overhead doors, epoxy floors, reception/customer area, and equipment and lift purchase or business assumption potential. Body shop area includes a 14x14 rear drive-in door plus a deluxe spray booth with fire suppression and ventilation systems, with optional equipment and business assumption. Front retail/office space is currently occupied by a place of worship tenant. Current income profile supports owner-use with upside: church lease approx $3,200 per month, and the auto repair space is also offered for lease at $4,500 per month, or $7,000 per month including the body shop. Auto-related units can remain as rentals on month-to-month terms, targeting an approximate 10% cap rate based on current rents. Owner pays water/sewer with each unit reimbursing one-third of the bill. Monument signage and building signage opportunities available. Seller will consider lease option or creative terms with acceptable structure.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Northfield Rd Development Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

C-1

APN/PARCEL ID

771-09-050

ASK ABOUT THIS PROPERTY

Michael FerranteLPT RealtyMore Info
216-373-7727

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

Michael FerranteLPT RealtyMore Info
216-373-7727

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