For Sale
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Property summary
This fully renovated, 9,955-square-foot freestanding retail building is situated on a busy Cleveland thoroughfare in the up-and-coming Belair neighborhood. Strategically located between I-480 (122,000 cars daily) and I-71 (92,000 cars daily), this property boasts a prime location for high visibility and accessibility. Previously used as a combination restaurant and full-service grocery store, the space offers significant versatility. The first floor encompasses 8,000 square feet, while an additional 1,955 square feet is available in the lower level, providing ample room for expansion or diverse business operations. A fully furnished, 2,500+ square-foot restaurant is ready for immediate occupancy, alongside a similarly prepared grocery store space. The building features a modern interior and exterior, including a large parking lot, new concrete frontage, large windows, two front entrances, and a rear delivery access door. This property presents a unique opportunity for a variety of businesses, including but not limited to grocery stores, restaurants, coin laundries, or daycare centers. The building is available for both sale and lease. Built in 1955, it sits on a 0.41-acre lot. This is a turnkey opportunity to establish or expand your business in a high-traffic area.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Zoning District: GR-C2 Current Use: Vacant T otal Structure Sqft: 3772.5 SITE DATA TABLE 100’ 90’ 30’ 20’ 8’ 5’ 45’ 50’ 69’ 60’ 5’ 7’6”75’ 8’ 86’7’6” 20’ 7’6” 52’6”’ 20’ 10’ 15’ 9’17’ 9’17’ 9’17’ 9’17’ 24’ 30’ 40’ 48’ 12…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GR · Cleveland, OHZoning District: GR-C2 Current Use: Vacant T otal Structure Sqft: 3772.5 SITE DATA TABLE 100’ 90’ 30’ 20’ 8’ 5’ 45’ 50’ 69’ 60’ 5’ 7’6”75’ 8’ 86’7’6” 20’ 7’6” 52’6”’ 20’ 10’ 15’ 9’17’ 9’17’ 9’17’ 9’17’ 24’ 30’ 40’ 48’ 12…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Zoning District: GR-C2 Current Use: Vacant T otal Structure Sqft: 3772.5 SITE DATA TABLE 100’ 90’ 30’ 20’ 8’ 5’ 45’ 50’ 69’ 60’ 5’ 7’6”75’ 8’ 86’7’6” 20’ 7’6” 52’6”’ 20’ 10’ 15’ 9’17’ 9’17’ 9’17’ 9’17’ 24’ 30’ 40’ 48’ 12…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GR in Cleveland, OH.
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- Alternative use
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