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Property profile & analytics

2418 Professor Ave Cleveland, OH 44113-4630

  • Warehouses
  • 2,980 SF
  • 0.08 lot acres
OFF-MARKET
Last Sale
Jan 08, 2024
$500,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US66-0123967
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Kaiser Gallery / Cocktail Bar / Event Venue
  • Tenlo Marketing / Advertising Agency / Marketing & Advertising

Property Details for 2418 Professor Ave

Year built
1898
Construction
WOOD
Lot size
0.08 lot acres
Property size
2,980 SF
Zone code
GR
Property type
Warehouses
APN
004-16-091
APU
416091

Description

This two-story, 2,980 square foot building is located in the heart of the Tremont neighborhood at the corner of Professor Avenue and Jefferson Avenue, a high-traffic area with a traffic light. The building, which underwent renovations in 2010 and 2019, features a desirable open floor plan. The first floor, totaling 1,490 square feet, is currently leased to Kaiser Gallery. The second floor offers 1,490 square feet of versatile space, ideal for office use or conversion to an apartment. This space benefits from a newly added outdoor patio. The property sits on a 0.11-acre lot and is zoned for General Retail Business, providing flexibility for various uses. Its convenient location offers easy access to major interstates (90, 71, 490, and 77) and is situated on an RTA bus line. The building's proximity to numerous well-known restaurants and retailers, along with the newly renovated Cleveland Public Library-Jefferson Branch located directly behind, enhances its appeal and potential. The former Fahrenheit Restaurant is directly across the street, further contributing to the vibrant commercial environment. This presents a unique opportunity to acquire a well-maintained, strategically located commercial property in a thriving Cleveland neighborhood. The building consists of two suites within one structure.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Cleveland
County
Cuyahoga
State
Ohio
Longitude
-81.6849
Latitude
41.4795
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,772
$13,200
$164,750
$177,950
-
$37,700
$470,700
$508,400
More about this property
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