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    14320 Puritas Ave Cleveland, OH 44135

    Sponsored
    For Sale
    $194,999

    High-traffic retail space with apartment.

    Property size:
    1,040 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This well-maintained, free-standing retail building at 14320 Puritas Avenue in Cleveland, Ohio, presents a compelling investment opportunity. The property boasts 1,040 square feet of retail space, complemented by a one-bedroom apartment situated above. Recent improvements include roof maintenance completed in 2020, newer windows, and upgraded electrical systems, minimizing immediate maintenance needs. The building benefits from ample on-site parking, ensuring convenient access for both customers and residents. Its prime location offers excellent street exposure and high traffic volume, maximizing visibility and potential customer reach. Currently, rental income is below market value due to owner occupancy of the retail space and the apartment, which commands a maximum of approximately $800 per month in the area. The 0.26-acre lot provides additional flexibility and potential for future expansion or development. This property is ideal for an owner-operator seeking a blend of income generation and personal use, or for an investor looking for a value-add opportunity with potential for increased rental income. The combination of a strong location, recent updates, and the inclusion of a residential unit makes this a unique and attractive investment prospect in the Cleveland market.

    Property Features for 14320 Puritas Ave

    General Information

    Property type
    Retail properties
    Square Feet
    1,040 SF
    Lot Size
    11,326 SF

    Building Details

    Year Built
    1949
    Property Profile Location Intelligence

    Current Use by Public Records

    Metro by T-Mobile Cell Phone Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.79483
    Latitude
    41.4338

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space with apartment.
    Where is this retail property located?
    The property is located at 14320 Puritas Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $194,999.
    (440) 201-9850
    Request Owner's contact information
    14320 Puritas Ave Cleveland, OH 44135
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    Cleveland, OH 44135
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14320 Puritas Ave Cleveland, OH 44135
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