Property summary
The property is located in the Broadway Historic District, with frontage along E 55th at Dolloff. It consists of an all-brick 3-unit strip center totaling 3,488 square feet above grade, with a full 6,976-square-foot basement. The building provides three separate entrances and addresses that can function as a single combined space or be divided into three units; all three units are configured for independent access. Unit 1 (approximately 2,000 square feet) is set up as a bar/restaurant space with an event area; the overall tenant setup includes a stage, DJ booth, and pool table. Unit 2 (approximately 750 square feet) is configured as a smoke lounge with ventilation and an optional VIP lounge arrangement. Unit 3 (approximately 750 square feet) includes a commercial kitchen that was renovated in 2020, with included kitchen equipment, and features a carry-out counter at the front; the kitchen is supported by a Level 4 food license issued through the Cleveland Department of Health. The property includes street parking in front and a large public parking lot with surveillance located across the street. Noted building systems and exterior improvements include HVAC installed in 2018 and storefront renovation completed in 2021. The lot area is 0.0876 acres, and the business operated under a D-4 liquor license.
Property profile
VerifiedCap rate & NOI
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
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Value estimation
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Cap rate
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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
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Zoning designation
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