14320 Puritas Ave Cleveland, OH 44135
- Retail space
- 1,040 SF
- 0.26 lot acres
Current Use by Public Records
- Metro by T-Mobile / Cell Phone Store / Cell Phone Accessory Store
Property Details for 14320 Puritas Ave
- Year built
- 1949
- Construction
- WOOD
- Lot size
- 0.26 lot acres
- Property size
- 1,040 SF
- Zone code
- GR
- Property type
- Retail space
- APN
- 023-04-007
- APU
- 2304007
Description
This well-maintained, free-standing retail building at 14320 Puritas Avenue in Cleveland, Ohio, presents a compelling investment opportunity. The property boasts 1,040 square feet of retail space, complemented by a one-bedroom apartment situated above. Recent improvements include roof maintenance completed in 2020, newer windows, and upgraded electrical systems, minimizing immediate maintenance needs. The building benefits from ample on-site parking, ensuring convenient access for both customers and residents. Its prime location offers excellent street exposure and high traffic volume, maximizing visibility and potential customer reach. Currently, rental income is below market value due to owner occupancy of the retail space and the apartment, which commands a maximum of approximately $800 per month in the area. The 0.26-acre lot provides additional flexibility and potential for future expansion or development. This property is ideal for an owner-operator seeking a blend of income generation and personal use, or for an investor looking for a value-add opportunity with potential for increased rental income. The combination of a strong location, recent updates, and the inclusion of a residential unit makes this a unique and attractive investment prospect in the Cleveland market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.7947
- Latitude
- 41.4339
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
