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Property profile & analytics
OFF-MARKET
Turn key restaurants

2394 3rd St Cleveland, OH 44113-2522

5,075 SF 0.11 ac lot Built 1910
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US66-1622926
Property summary
AI-generated overview

This exceptional 5,075-square-foot retail property, located at 2394 W 3rd St, Cleveland, OH 44113, presents a remarkable investment opportunity in the thriving Tremont neighborhood. Built in 1910, this two-story building sits on two parcels (APN: 004-32-029, 00432030) and is zoned for retail use. The main level, previously a bar, offers significant potential for conversion into a restaurant, cafe, or similar establishment. The upper level, formerly a boarding house, boasts three bathrooms, a communal area, laundry facilities, and a spacious kitchen. This versatile space offers numerous possibilities for adaptive reuse. The property also features a fenced rear area and stunning views from the upper level and roof. With a price per square foot of $78.82 and an asking price of $400,000, this property represents a compelling investment in a desirable and developing area. The property's history and unique layout provide a strong foundation for a variety of commercial ventures. Its location in Tremont offers excellent visibility and access to a vibrant community. This is a rare opportunity to acquire a substantial property with significant upside potential in a highly sought-after Cleveland neighborhood.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1910
Construction WOOD
Total area 5,075 SF
Lot 0.11 ac (4,800 SF)
Zoning code GI
APN 004-32-029
UPID US66-1622926
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
8 Ranch Rd LLC · 1 yrs held
8 Ranch Rd LLC
since 2024
Last sale
$150,000
6 recorded transactions
2025
Price N/A
2025
Price N/A
2024
$150,000
2024
Price N/A
2009
Price N/A
2009
$62,000
Zoning & alternative use
GI · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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