15300 Waterloo Rd Cleveland, OH 44110

This exceptional mixed-use property, located at 15300 Waterloo Rd in Cleveland, Ohio, presents a compelling investment opportunity. The building, constructed in 1916, boasts 3,600 square feet on a 0.053-acre lot and is zoned for mixed use. The property features four fully rented micro-suites on the second floor, currently operating at 80% occupancy. The ground floor offers versatile commercial space, previously used as a salon, comprising two large rooms, a smaller private office/storage area, and a bathroom. This high-visibility corner location benefits from significant foot traffic. The building is a single-story Class C structure with a gross lease type and multi-tenant occupancy. The asking price is $299,900, representing a 7.00% cap rate. This property is ideal for owner-occupants seeking a blend of business and rental income or investors looking for a strong return in a revitalizing area. The property's location in the Waterloo area of North Collinwood offers significant potential for growth and increased value. While the seller also owns a separate five-unit building at 15410-18 Waterloo Rd, this listing is solely for the property at 15300 Waterloo Rd. This is a rare opportunity to acquire a well-situated mixed-use building in a rapidly developing neighborhood.