Drive-Through Ice Cream
For Sale
$198,000
15753 Puritas Avenue, Cleveland, OH 44135
Seasonal food service operation with outdoor seating and commercial kitchen equipment in place.
Property Size770 SF
Price / SF$257.14
Days on Market419
Property Features for 15753 Puritas Avenue
General Information
Standard status
Active
Size
770 SF
Total Parking Spaces
12
Property subtype
Business
Site & Location
Neighborhood
Puritas-Longmead
Drive-Thru
Yes
Restaurant
Commercial Hood
No
Patio
Yes
Equipment Included
Yes
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$3,348
Building Details
Year Built
1951
Year Renovated
2013
Buildings
1
Abandoned
No
Listing Agency:
Ohio Property Group, LLC
Listed By:
Glen G Whitten · License #2002023149
(419) 790-3106
Source:
Lifestagesrealty
Added: Sep 4, 2025
Changed: Oct 27
Last Checked: Oct 27 at 3:32AM
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 Ohio Property Group, LLC
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Investment Insights
Based on property information with market context.
This 770-square-foot restaurant property in Cleveland has a drive-through, an outdoor seating area, and 12 parking spaces. The site is operating as a seasonal ice cream business, with food-service equipment included. Interior work completed in 2013 included food-grade ceiling panels, wall tile, floor tile, and an updated employee restroom. HVAC equipment dates to 2013, and a water heater was installed in 2015.
The roof received a two-layer white rubber membrane coating in October 2021. Included equipment ranges from ice cream machines, freezers, and refrigerators to a soda dispenser, fryer, mini pizza oven, and stainless-steel tables and stands. A food license is transferable.
The roof received a two-layer white rubber membrane coating in October 2021. Included equipment ranges from ice cream machines, freezers, and refrigerators to a soda dispenser, fryer, mini pizza oven, and stainless-steel tables and stands. A food license is transferable.
Key Highlights
- 770 sqf building with drive‑through service
- 12 parking spots and outdoor seating area
- Interior renovation completed in 2013
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,667
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,340
$193.3K
Cap Rate 7%
$138,100
$138.1K
Cap Rate 9%
$107,411
$107.4K
Market Conditions
NOI Build-Up for 770 SF
Gross rent
$13.9K $18.00/SF
− Vacancy
−$970 −$1.26/SF
EGI
$12.9K $16.74/SF
− OpEx
−$3.2K −$4.19/SF
NOI
$9.7K $12.56/SF
Area
Cleveland, OH
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,340
Cap Rate 7%
$138,100
Cap Rate 9%
$107,411
Alternative Uses
Best Use
Specialty Retail
$138.1K
$120.8K – $161.1K
NOI $9,667 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$187.9K
$164.4K – $219.2K
NOI $13,153 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Explore this area
Business Placement
Demographics for 44135, OH
26,684
Population
12,035
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
84%
High-School Grad
10.2 sq mi
ZIP Area
2,616
Density / Sq Mi
$48,930
Median Household Income
$36,444
Median Earnings
$935
Median Rent
$119,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Cleveland, OH
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Seasonal food service operation with outdoor seating and commercial kitchen equipment in place.
Where is this drive through restaurant located?
The property is located at 15753 Puritas Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: 770 sqf building with drive‑through service; 12 parking spots and outdoor seating area; Interior renovation completed in 2013
