4423 Detroit Ave Cleveland, OH 44113
This exceptional Ohio City convenience store presents a lucrative investment opportunity. The 2,310 square foot building, situated on a 9,147 square foot lot, is located at 4423 Detroit Ave, Cleveland, OH 44113, within the R1 zoned Cuyahoga County. Built in 1961, this established business boasts consistent daily sales averaging $4,000 when operating seven days a week. Multiple revenue streams include lottery sales, alcohol and tobacco sales, prepared food service (lunch/dinner), and grocery items. The property's long-standing presence has fostered a strong community reputation, further enhanced by outdoor seating. This offering includes both the thriving business and the underlying real estate, providing long-term security and significant growth potential. The property's parcel number is 003-25-001. This is a rare chance to acquire a turnkey operation in a prime Ohio City location. Asking price is $1,599,999.
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Thomas Food Market Grocery & Convenience Store Food Market
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.