5701-5711 Detroit Ave - Storefront Retail/Office FOR SALE


Cleveland, OH 44102- Detroit-Shoreway
$1,000,000 USD
216-525-1488
5701-5711 Detroit Ave, Cleveland, OH for Sale
$1,000,000 USD
Storefront Retail/Office - FOR SALE
1/16
null | Request Cap Rate

5701-5711 Detroit Ave
Cleveland, OH 44102
Detroit-Shoreway


HIGHLIGHTS

  • Located at the signalized intersection of Detroit Avenue and West 58th Street, adjacent to Cleveland's newest mixed development, Welleon.

OVERVIEW

This rare opportunity presents an ideal option for an owner-user or developer in the heart of the vibrant Gordon Square/Detroit Shoreway neighborhood. The offering includes an 11,614 square foot freestanding building situated on 0.43 acres at the signalized intersection of Detroit Avenue and West 58th Street. Strategically located next to Welleon, Cleveland’s newest mixed-use development, the property benefits from significant foot and vehicle traffic. Nearby tenants enhance the appeal of the area and include NUIQ Wellness Lounge & Med Spa, Purefyx Health Bar, Cleveland Bagel Company, Astoria Cafe & Market, Capitol Theatre, Il Rione Pizzeria, and Brewnuts, among others. With Route 2 just moments away, offering over 40,000 vehicles per day, accessibility is a major advantage. The property, located at 5701-5711 Detroit Avenue, is offered for sale at $1,000,000. Originally built in 1906 and renovated in 1952, the two-story building offers 18 surface parking spaces. It spans two parcels, identified as #002-15-010 and #002-15-008. This highly visible and well-positioned site is ideal for a variety of uses and presents strong potential for continued growth alongside one of Cleveland’s most dynamic neighborhoods.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

LR

APN/PARCEL ID

002-15-008,002-15-010

ASK ABOUT THIS PROPERTY

David LebCushman & Wakefield | CRESCO Real EstateMore Info
216-525-1488

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David LebCushman & Wakefield | CRESCO Real EstateMore Info
216-525-1488

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