Automotive Shop with Fenced
1973 E 55th St Cleveland, OH
For Sale
Contact for pricing
Automotive shop with five drive-in doors and fenced lot.
Property Size6,000 SF
Lot Size0.49 Acres
Price / SF$75
Days on Market505
Property Features for 1973 E 55th St
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 0.49 Acres
- Property subtype
- RETAIL
Listing Agency:
Cresco Real Estate | Cleveland
(216) 525-1465
Listed By:
Isabel DeRoberts
(216) 687-1800
Source:
Moodyscre
Added: Mar 10, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:18AM
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 Cresco Real Estate | Cleveland
Investment Insights
Based on property information with market context.
This property is an existing automotive shop with a fenced lot. It features five drive-in doors and offers great signage opportunities, including billboard signage on the property. The property is adjacent to the UH Rainbow Ahuja Center for Women & Children. The property size is 6,000 square feet.
Key Highlights
- Five (5) drive‑in doors.
- Existing automotive shop.
- Billboard signage on property.
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 | $36.7k | $6.12 |
| − Vacancy | −$1.5k | −$0.25 |
| EGI | $35.2k | $5.87 |
| − OpEx | −$10.6k | −$1.76 |
| NOI | $24.7k | $4.11 |
6,000 SF · lease $6.12/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$823.5K
$720.6K – $960.8K
NOI $57,645 @ 7.0% cap · market cap 12.81%
Second Best
Industrial
$352.1K
$308.1K – $410.8K
NOI $24,650 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,493 @ 7.0% cap · market cap 22.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kram & Kram Auto
Auto Repair Shop
Similar Off Market Nearby
- Dave's One Stop Autoshop — 7301 Clark Ave, Cleveland, OH 44102
- G - Auto Towing LLC — 3241 W 46th St, Cleveland, OH 44102
- KUSTOM KOLORS LLC — 3190 W 43rd St, Cleveland, OH 44109
- Westpark Towing & Recovery — 3202 W 41st St, Cleveland, OH 44109
- J&A Car Repair — 3844 robert ave, cleveland, oh 44109
FAQs
What type of property is this?
Auto shop - Automotive shop with five drive-in doors and fenced lot.
Where is this auto shop located?
The property is located at 1973 E 55th St Cleveland, OH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Five (5) drive‑in doors.; Existing automotive shop.; Billboard signage on property.
