5333 Lorain Ave Cleveland, OH 44102

This exceptional 1.02-acre mixed-use property presents a compelling investment opportunity in Cleveland's vibrant Detroit Shoreway neighborhood. Strategically located on Lorain Avenue between West 53rd and West 55th Streets, this property boasts high visibility and accessibility. The existing structure comprises a commercial service garage, a separate retail storefront, and two residential apartments, offering diverse income streams and redevelopment potential. The substantial lot size allows for significant expansion or repurposing, catering to a wide range of commercial and residential uses. The property's prime location offers easy access to downtown Cleveland, major transportation routes, and a thriving local community. This is an ideal acquisition for investors seeking a versatile asset with strong growth prospects in a rapidly developing area. The existing buildings provide immediate cash flow while the substantial land area offers significant future development potential. The combination of established businesses and residential units creates a unique opportunity to capitalize on the current market while planning for future expansion or redevelopment. This property is priced at $1,500,000 and presents a rare chance to acquire a significant piece of Cleveland real estate with substantial upside. The property's size and location make it an attractive investment for both short-term and long-term growth. Serious inquiries are encouraged.