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Property profile

7216 Clark Ave Cleveland, OH 44102

FOR SALE
Turn key restaurants
Property ID
US66-1983767
1,854 SF 0.08 ac lot Built 1989
Individually Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional 0.083-acre commercial land parcel at 7216 Clark Avenue in Cleveland, Ohio, presents a unique investment opportunity. Located in Cuyahoga County, zip code 44102, this property boasts a highly desirable central location near I-90, offering unparalleled accessibility. While the existing structure has a reported 0 square feet of listed space, the marketing materials suggest a building with over 5000 square feet, including a full basement, a kitchen area, and an addition featuring a brick oven/fireplace. The property's versatility allows for a wide range of commercial uses, such as industrial, medical, restaurant/food service, daycare, or religious facilities. The existing building and addition offer significant space for business operations and can be adapted to suit diverse needs. The seller is motivated and may consider a lease option with a substantial down payment and demonstrably strong credit. Fast occupancy is possible, making this an attractive option for immediate business expansion or start-up. The asking price is $199,900. This property offers substantial promise and income potential for the right buyer.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1989
Construction WOOD
Total area 1,854 SF
Lot 0.08 ac (3,597 SF)
Zoning code GR
APN 006-12-126
UPID US66-1983767

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Value estimations

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

Owner & transaction history

since 2025
1 recorded transaction
2025
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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