Restaurant with Full Bar and
1041 Starkweather Ave Cleveland, OH 44113
1041 Starkweather Ave, Cleveland, OH, 44113
Contact for pricing
For Sale
Contact for pricing
Two-level restaurant offering a full bar and kitchen with newer stove and hood, plus a usable basement.
Property Size7,556 SF
Price / SF$117.52
Days on Market55
Property Features for 1041 Starkweather Ave
General Information
- Standard status
- Active
- Size
- 7,556 SF
- Property subtype
- RETAIL
Listing agency
Sequoia Realty
(216) 406-0476
Listed by
Patrick Dowd · License #SAL.2007000856
Source
Moodyscre
Added: May 28 Updated: Jul 21 at 2:32AM Checked: Jul 21 at 5:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sequoia Realty
Investment Insights
Based on property information with market context.
This restaurant property includes 2,636 SF on the 1st floor, featuring a full bar and kitchen. The kitchen includes newer stove and hood, supporting current foodservice operations. An additional 1,977 SF usable basement provides extra conditioned space for storage or back-of-house needs.
The property is offered for sale.
The overall configuration provides a dedicated guest-serving level with bar and kitchen functionality, supported by basement space for additional utility.
The property is offered for sale.
The overall configuration provides a dedicated guest-serving level with bar and kitchen functionality, supported by basement space for additional utility.
Key Highlights
- 2,636 SF 1st‑floor restaurant with a full bar and kitchen
- Kitchen includes newer stove and hood
- 1,977 SF usable basement for additional space
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.2k | $6.12 |
| − Vacancy | −$1.9k | −$0.25 |
| EGI | $44.3k | $5.87 |
| − OpEx | −$13.3k | −$1.76 |
| NOI | $31.0k | $4.11 |
7,556 SF · lease $6.12/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.36M
$1.19M – $1.58M
NOI $94,866 @ 7.0% cap · market cap 10.68%
Second Best
Industrial
$443.5K
$388.0K – $517.4K
NOI $31,043 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,073 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Polish Legion American ...
Advocacy Group
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FAQs
What type of property is this?
Conventional restaurant - Two-level restaurant offering a full bar and kitchen with newer stove and hood, plus a usable basement.
Where is this conventional restaurant located?
The property is located at 1041 Starkweather Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $888,000.
What are key features of this property?
This property features: 2,636 SF 1st‑floor restaurant with a full bar and kitchen; Kitchen includes newer stove and hood; 1,977 SF usable basement for additional space
