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Mixed-Use Investment Property with Bar
For Sale
$999,999

5612 Harvard Ave, Cleveland, OH 44105

Two-property mixed-use package includes a bar, adjacent retail/restaurant space, and two second-floor two-bedroom apartments.

Property SizeContact for details
Days on Market101

Property Features for 5612 Harvard Ave

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $2,639
Listing Agency: Russell Real Estate Services
Listed By: Jeannette M Charara · License #2019002561
Source: Exprealty
Added: May 22 Changed: Aug 25 Last Checked: Aug 29 at 4:04PM

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 Russell Real Estate Services

Investment Insights

Based on property information with market context.

This for-sale mixed-use investment package includes two properties under one ownership. The first side features a fully equipped bar with both an adult entertainment license and a liquor license included. An attached neighboring space is described as a former pizza shop and is suited for redevelopment as a restaurant, carryout, retail, or other business use. Above the commercial spaces are two second-floor two-bedroom apartments, providing additional residential rental income.

The property is located one street away from Newburgh Heights and minutes from I-77, with easy highway access noted in the remarks.

Overall, the building configuration combines ground-floor commercial space with above residential units, creating multiple potential income sources within the same property package.

Key Highlights

  • Mixed‑use property built in 1890 featuring two commercial spaces and two second‑floor 2‑bedroom apartments.
  • Includes a fully equipped bar with an adult entertainment license and liquor license.
  • Adjacent space is a former pizza shop with potential for restaurant, carryout, retail, or other business use.

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Gym & Fitness Center Hair Salon

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

376
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-property mixed-use package includes a bar, adjacent retail/restaurant space, and two second-floor two-bedroom apartments.
Where is this mixed-use property located?
The property is located at 5612 Harvard Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Mixed‑use property built in 1890 featuring two commercial spaces and two second‑floor 2‑bedroom apartments.; Includes a fully equipped bar with an adult entertainment license and liquor license.; Adjacent space is a former pizza shop with potential for restaurant, carryout, retail, or other business use.
More about this property
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