Corner Retail
700 E 200th Street Cleveland, OH 44119
700 E 200th Street, Cleveland, OH, 44119
$335,000
For Sale
$335,000
Corner retail storefront on LR-C1 zoning with on-site parking and 0% occupancy.
Property Size2,562 SF
Lot Size0.15 Acres
Price / SF$130.76
Days on Market361
Property Features for 700 E 200th Street
General Information
- Standard status
- Active
- Size
- 2,562 SF
- Lot size
- 0.15 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1976
Listing agency
Trinity Commercial Realty, LLC.
(216) 402-8000
Listed by
Gary Pescatrice · License #0000241394
(216) 402-8000
Source
Xome
Added: Jul 27, 2025 Updated: Jul 20 at 5:45PM Checked: Jul 21 at 3:00AM
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 Trinity Commercial Realty, LLC.
Investment Insights
Based on property information with market context.
This retail storefront property at 700 E 200th Street in Cleveland, Ohio offers a 2,562-square-foot building built in 1976. The site is described as a corner lot and is zoned LR-C1. The listing indicates 0% occupancy, providing a clean slate for a new user.
The property includes on-site parking and is positioned with convenient access to major highways like I-90. Additional details about frontage and specific streets are not provided.
Overall, it’s a straightforward retail building offering a corner-lot site, parking, and an LR-C1 zoning designation to support retail plans.
The property includes on-site parking and is positioned with convenient access to major highways like I-90. Additional details about frontage and specific streets are not provided.
Overall, it’s a straightforward retail building offering a corner-lot site, parking, and an LR-C1 zoning designation to support retail plans.
Key Highlights
- Retail storefront at 700 E 200th St in Cleveland, OH offered at $335,000
- LR‑C1 zoning with a 2,562 SF building on a 0.15‑acre corner lot
- Built in 1976; flat roof
Local Financial Insights For Retail
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 | $38.4k | $15.00 |
| − Vacancy | −$3.3k | −$1.28 |
| EGI | $35.2k | $13.73 |
| − OpEx | −$10.5k | −$4.12 |
| NOI | $24.6k | $9.61 |
2,562 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$351.6K
$307.7K – $410.2K
NOI $24,614 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$625.2K
$547.1K – $729.4K
NOI $43,765 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Corner retail storefront on LR-C1 zoning with on-site parking and 0% occupancy.
Where is this storefront property located?
The property is located at 700 E 200th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Retail storefront at 700 E 200th St in Cleveland, OH offered at $335,000; LR‑C1 zoning with a 2,562 SF building on a 0.15‑acre corner lot; Built in 1976; flat roof
