Mixed-use value-add opportunity located at 6928 Superior Ave in Cleveland. This approximately 1900-built building features a large street-level commercial space and five residential units above, offering significant upside for investors or developers seeking a redevelopment project.
The residential portion includes five units in varying stages of renovation. One unit is nearly completed, one is partially renovated, and the remaining units have undergone demolition with some rough-in plumbing and electrical started. This provides a head start for an investor to complete the units and bring them to market.
The first-floor commercial space was previously configured for restaurant or bar use and offers substantial square footage with an open layout. However, the space is currently not operational and will require a full build-out. The basement is accessible and may be utilized for storage.
This is a heavy value-add project and is best suited for experienced investors or contractors. The property is priced to reflect its current condition and the level of work required.
Located along Superior Avenue with convenient access to major roadways, employment centers, and surrounding redevelopment areas, the property presents a long-term repositioning opportunity once stabilized.