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Mixed-Use Building with Apartments
New
For Sale
$280,000

5425 Fleet Avenue, Cleveland, OH 44105

Two-level property combines ground-floor commercial space with residential apartments and LR zoning in Cleveland’s Fleet Avenue corridor.

Property Size7,116 SF
Price / SF$39.35
Days on Market7

Property Features for 5425 Fleet Avenue

General Information

Standard status Active
Size 7,116 SF
Property subtype Mixed Use
Zoning LR

Additional Details

Average Monthly Rent $800
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,533

Amenities

Asphalt
Parking.
Off Street, Parking Pad.

Building Details

Year Built 1890
Buildings 1
Listing Agency: RE/MAX Above & Beyond
Listed By: Nicholas Hardy · License #2022007225
Source: Xome
Added: Aug 31 Changed: Sep 5 Last Checked: Sep 6 at 4:18AM

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 RE/MAX Above & Beyond

Investment Insights

Based on property information with market context.

Built in 1890, this approximately 7,116-square-foot mixed-use building combines commercial and residential components. The first floor provides a substantial commercial footprint that could be configured as two units, while the upper level contains two rented apartments. The property is being sold as-is, with existing asphalt and off-street parking, including a parking pad.

Located on Fleet Avenue in Cleveland, the property offers access to surrounding neighborhoods, major roadways, shopping, dining, and other amenities. LR zoning is in place, with permitted uses and any future changes subject to verification by the buyer with the City of Cleveland. Due diligence should address zoning, occupancy, building codes, permits, certificates of occupancy, and required approvals.

Key Highlights

  • Approximately 7,116‑square‑foot mixed‑use building
  • First‑floor commercial area with potential configuration for two units
  • Two rented apartments occupy the upper level

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Electrical Service Law Firm Dental Office Gym & Fitness Center Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

570
Businesses Nearby

Demographics for 44105, OH

34,100
Population
17,528
Households
1.9
Avg Household Size
38
Median Age
11%
College-Educated
83%
High-School Grad
8.9 sq mi
ZIP Area
3,831
Density / Sq Mi
$38,294
Median Household Income
$32,389
Median Earnings
$888
Median Rent
$56,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level property combines ground-floor commercial space with residential apartments and LR zoning in Cleveland’s Fleet Avenue corridor.
Where is this mixed-use property located?
The property is located at 5425 Fleet Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Approximately 7,116‑square‑foot mixed‑use building; First‑floor commercial area with potential configuration for two units; Two rented apartments occupy the upper level
More about this property
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