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    2139 Noble Rd Cleveland, OH 44112

    Sponsored
    For Sale
    $279,900

    Prime retail space, strong tenant base, high ROI potential.

    Property size:
    4,258 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This well-maintained, 4,258 square foot retail building in Cleveland, Ohio, presents a compelling investment opportunity. Situated on a 0.3-acre lot at 2139 Noble Road, the property boasts three individual retail units. The building features a newer TPO commercial roof, still under warranty, ensuring long-term cost savings. The HVAC system has also been recently updated, providing efficient climate control for tenants and minimizing operational expenses. The exterior has been freshly painted, enhancing curb appeal and attracting potential customers. The parking lot has recently undergone repaving, ensuring ample and convenient parking for patrons. Two of the three units are currently occupied by long-term tenants, providing a stable income stream. The third unit is vacant, but has undergone some renovations, making it ready for immediate occupancy or further customization to suit a specific tenant's needs. All utilities are separately metered and paid for by the respective tenants, simplifying management and maximizing profitability. This property offers a blend of immediate income generation and future growth potential, making it an ideal addition to any investment portfolio. The location on Noble Road provides excellent visibility and accessibility, ensuring high foot traffic and potential for increased revenue. This is a turnkey opportunity for an investor seeking a stable and profitable retail investment in a desirable Cleveland location.

    Property Features for 2139 Noble Rd

    General Information

    Property type
    Retail properties
    Square Feet
    4,258 SF
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1964
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.55789
    Latitude
    41.53848

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    FAQs

    What type of property is this?
    Retail property - Prime retail space, strong tenant base, high ROI potential.
    Where is this retail property located?
    The property is located at 2139 Noble Rd Cleveland, OH.
    What is the asking price?
    The asking price for this property is $279,900.
    (440) 318-1620
    Request Owner's contact information
    2139 Noble Rd Cleveland, OH 44112
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    Cleveland, OH 44112
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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
    2139 Noble Rd Cleveland, OH 44112
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