801 Literary Rd Cleveland, OH 44113
Property Features for 801 Literary Rd
General Information
- Standard status
- Active
- Lot size
- 0.05 Acres
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.
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
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.6859665
- Latitude
- 41.4818974
Nearby Similar for Sale
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).