801 Literary Rd - Storefront Retail/Residential FOR SALE


Cleveland, OH 44113- Tremont
$1,500,000 USD
216-978-5632
801 Literary Rd, Cleveland, OH for Sale
$1,500,000 USD
Storefront Retail/Residential - FOR SALE
1/57
null | Request Cap Rate

801 Literary Rd
Cleveland, OH 44113
Tremont


OVERVIEW

This is more than just a property, it's your next big move in Cleveland's iconic Tremont neighborhood. Located in the heart of all the action, this dynamic mixed-use building is primed for serious return on investment. Currently split into a trendy second floor apartment and a fully operating hair salon on the first, this space is ready to flex. With existing HVAC already split three ways, converting into three distinct residential units is a breeze. The salon on the main level is dialed in with six stations, a bathroom, and its own kitchen/lounge area. Want to maximize cash flow? With just a few tweaks, the rear of the salon can transform into a stylish one bedroom unit with a full kitchen, bath, and laundry. Upstairs, you'll find a gorgeous loft style apartment oozing with modern industrial vibes. Think high ceilings, sleek finishes, 3 bedrooms, 3 baths, a killer kitchen, laundry room, and a chill living space, it's the perfect blend of function and style. And it gets even better on the third floor, a luxurious primary suite with heated bathroom floors and jaw dropping views of downtown Cleveland from not one, not two, but three private balconies. Full lot in back comes with building. The numbers don't lie: the salon pulls in $2,892/month, and the apartment brings $3,914/month, both with built-in 3% annual rent increases. Whether you're a savvy investor looking for multi stream income or a house hacker aiming to live stylishly while your property helps pay for itself, this is your chance to get into Tremont while it's hot. Don't sleep on this, opportunities like this don't come around often.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$385 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

1,999 SF

ZONING

GR-C1

APN/PARCEL ID

004-16-071

ASK ABOUT THIS PROPERTY

TJ HouseBerkshire Hathaway HomeServices ProfessionalMore Info
216-978-5632

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TJ HouseBerkshire Hathaway HomeServices ProfessionalMore Info
216-978-5632

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