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Property profile

5253 Dolloff Rd Cleveland, OH 44127

OFF-MARKET
Turn key restaurants
Property ID
US66-1471531
3,488 SF 0.09 ac lot Built 1887
Entity Owned 16-yr Hold Free & Clear

Property summary

AI-generated overview

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

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1887
Construction TYPE NOT SPECIFIED
Total area 3,488 SF
Lot 0.09 ac (3,815 SF)
Zoning code GR
APN 131-22-016
UPID US66-1471531

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2009
7 recorded transactions
2009
$12,338
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GR · Cleveland, OH
Zoning description

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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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