Downtown Entertainment Venue For
2222 St Clair Ave NE Cleveland, OH
2222 St Clair Ave NE, Cleveland, OH, 00000
Contact for pricing
For Sale
Contact for pricing
Turn-key bar and restaurant with licenses and equipment available.
Property Size7,218 SF
Lot Size0.49 Acres
Price / SF$180.11
Days on Market1296
Property Features for 2222 St Clair Ave NE
General Information
- Standard status
- Active
- Size
- 7,218 SF
- Lot size
- 0.49 Acres
- Property subtype
- RETAIL
Listing Agency
Green Bridge Real Estate
(216) 469-0030
Listed by
John M. Wagner
(216) 469-0030
Source
Moodyscre
Added: Jan 1, 2023 Updated: Jul 10 at 11:34 am Checked: Jul 20 at 3:17 am
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 Green Bridge Real Estate
Investment Insights
Based on property information with market context.
This downtown entertainment venue offers a full kitchen with a hood, along with bar equipment, furniture, and fixtures. D5 and D6 licenses are available. The property includes POS systems, Berg multi-flow systems, light and sound systems, outside decks, and fenced-in parking. The turn-key operation presents an opportunity for immediate cash flow. The property size is 7,218 square feet.
Key Highlights
- Turn‑key operation for immediate cash flow.
- D5 and D6 liquor licenses available.
- Fully equipped kitchen with hood.
Local Financial Insights For Specialty Retail
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 | $129.9k | $18.00 |
| − Vacancy | −$9.1k | −$1.26 |
| EGI | $120.8k | $16.74 |
| − OpEx | −$30.2k | −$4.19 |
| NOI | $90.6k | $12.56 |
7,218 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,622 @ 7.0% cap · market cap 6.97%
Second Best
Retail
$990.7K
$866.8K – $1.16M
NOI $69,347 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,300 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- V Lounge — 3029 Woodhill Rd, Cleveland, OH 44104
- Kirkman's Double Exposure — 3081 E 93rd St, Cleveland, OH 44104
- Spanish village — 2803 Woodhill Rd, Cleveland, OH 44104
FAQs
What type of property is this?
Bar & Pub - Turn-key bar and restaurant with licenses and equipment available.
Where is this bar & pub located?
The property is located at 2222 St Clair Ave NE Cleveland, OH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Turn‑key operation for immediate cash flow.; D5 and D6 liquor licenses available.; Fully equipped kitchen with hood.
