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801 Literary Rd Cleveland, OH 44113

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For Sale
$1,500,000

Mixed-use building in Tremont with apartment and salon.

Lot size:
0.05 Acres

Property Features for 801 Literary Rd

General Information

Standard status
Active
Lot size
0.05 Acres

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Listing Contact
TJ House
Source: Exprealty

Listing Agency: Berkshire Hathaway HomeServices Professional Realty Listing Agent: TJ House

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Tremont Mixed-Use Investment Opportunity

This mixed-use building is located in Cleveland's Tremont neighborhood. The property is currently configured with a hair salon on the first floor and an apartment on the second floor. The existing HVAC system is split three ways, allowing for conversion into three distinct residential units. The main level salon features six stations, a bathroom, and a kitchen/lounge area. The rear of the salon can be transformed into a one-bedroom unit with a full kitchen, bath, and laundry. The upstairs loft-style apartment includes high ceilings, sleek finishes, 3 bedrooms, 3 baths, a kitchen, laundry room, and a living space. The third floor features a primary suite with heated bathroom floors and three private balconies with views of downtown Cleveland. The salon generates $2,892 per month, and the apartment brings in $3,914 per month, both with built-in 3% annual rent increases. A new business is scheduled to take over the downstairs space on January 1st, 2026. The full lot in back comes with the building.
Location Intelligence

Current Use by Public Records

Caiti Cat Lash Eyelash Salon Krasa Salon Hair Salon

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Cleveland
County
Cuyahoga
State
Ohio
Longitude
-81.6859665
Latitude
41.4818974

FAQs

What type of property is this?
Mixed-use property - Mixed-use building in Tremont with apartment and salon.
Where is this mixed-use property located?
The property is located at 801 Literary Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - High income potential: Currently generating $2,892/month from the salon and $3,914/month from the apartment, with 3% annual rent increases.; - Prime location in Cleveland's desirable Tremont neighborhood.; - Mixed-use building offering flexibility for various investment strategies (multi-stream income or house hacking).
More about this property
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