6318 Lorain Ave - Loft/Creative Space FOR SALE


Cleveland, OH 44102- Detroit-Shoreway
$99,500 USD
6318 Lorain Ave, Cleveland, OH for Sale
$99,500 USD
Loft/Creative Space - FOR SALE
1/43
null | Request Cap Rate

6318 Lorain Ave
Cleveland, OH 44102
Detroit-Shoreway


OVERVIEW

Prime Commercial Investment Opportunity in Rapidly Redeveloping Corridor! Unlock the potential of two adjoining commercial properties on a high-visibility corner in the heart of Cleveland’s exciting redevelopment zone. Welcome to 6318 Lorain Ave, formerly home to the long-standing Carey Funeral Home. This landmark 3,090 sq ft colonial-style building offers a versatile mix of commercial and residential space. The first floor houses the former funeral home with spacious rooms and two full baths, while the upper level features a full living area complete with four bedrooms, a living room, dining room, kitchen, and office—ideal for owner-occupancy, rental income, or future conversion. The basement includes a laundry area, half bath, and additional storage. Outside, you'll find a concrete parking lot with multiple access points beyond Lorain Ave, a wheelchair ramp, a covered back deck, and generous on-site parking. Located across from a city recreation center with playing fields and basketball courts, and near the Lorain M-Tain station with a planned bike lane, this property is ideally positioned for foot traffic, visibility, and long-term growth. The neighboring property at 6330 Lorain Ave (former clinic) is also available, and the seller prefers to sell both in a package—an exceptional opportunity to expand your footprint in a thriving commercial corridor. Whether you're looking to launch a business, develop a mixed-use project, or add a unique income property to your portfolio, this offering delivers unmatched value and potential. Don’t miss your chance—schedule a showing today! Serious inquiries with proof of funds/pre approval...No owner financing.

FOR SALE DETAILS

PRICE

$99,500 USD

PRICE/SF

$32 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,567 SF

ZONING

LR

APN/PARCEL ID

002-27-005

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