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Storefront Property with Business Inventory
For Sale
$1,200,000

5517 Memphis, Cleveland, OH 44144

CommercialSale, Cleveland, OH

Property SizeContact for details
Lot Size0.09 Acres
Days on Market8

Property Features for 5517 Memphis

General Information

Property type Commercial Sale
Property subtype Retail
Zoning description Commercial
Parking 15
Subdivision Brooklyn
Elementary school district Cleveland Municipal - 1809
Middle school district Cleveland Municipal - 1809
High school district Cleveland Municipal - 1809
Directions Memphis and Fulton
Standard status Active
APN 013-26-001
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9624

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Ceiling Fan(s), Central Air
Water source Public

Building Details

Year built 1968
Roof type Asphalt
Listing Agency: RE/MAX Omega · RE/MAX International
Listed By: Shaher Hassanain · License #2022005976
Added: Oct 8 Changed: Oct 9 Last Checked: Oct 15 at 11:06AM
MLS# 5251916

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This storefront property dates to 1968 and is offered with the materials and property used to conduct business. The listing also references inventory, with further details available through the agent.

Heating is natural gas and forced air, while cooling includes central air and ceiling fans. The building has an asphalt roof and is served by public water and public sewer. The parcel contains 0.0908 acres.

Key Highlights

  • Business‑related materials and property are included in the sale
  • Inventory details are available through the agent
  • 1968 construction

Property Analytics

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Current Use

The Blue Palm Latin ... Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Skin Care Clinic Parking Lot & Garage (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

489
Businesses Nearby
Under-served
Demand for This Use

Demographics for 44144, OH

21,361
Population
9,994
Households
2.1
Avg Household Size
42
Median Age
20%
College-Educated
88%
High-School Grad
5.5 sq mi
ZIP Area
3,884
Density / Sq Mi
$59,775
Median Household Income
$37,318
Median Earnings
$923
Median Rent
$138,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Cleveland, OH

5.6% 2019
8.5% 2020
7.2% 2021
6.9% 2022
6.7% 2023
6.9% 2024
7.3% 2025
Rey
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Similar Off Market Nearby

  • Flowerama — 5401 Memphis Ave, Cleveland, OH 44144

Frequently Asked Questions

What type of property is this?
Storefront property - The sale includes the materials and property used to conduct business, with additional inventory details available through the agent.
Where is this storefront property located?
The property is located at 5517 Memphis Cleveland, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Business‑related materials and property are included in the sale; Inventory details are available through the agent; 1968 construction
More about this property
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