5011 Clark Avenue, Cleveland, OH 44102

$202,000

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Sold Price
$202,000
List Price
$229,900
Status
CLOSED
Days on Market
78
Closing Date
Dec 03, 2024
MLS#
5070704
Subtype
Commercial Sale
Year Built
1890
Acres
0.11
Subdivision
Clark Fulton
Neighborhood
Clark Fulton
MLS Area Major
Cleveland

Property Description

100% occupied mixed use building with a retail lease through October 2028, residential leases through September 2025 and a gross income of $36,600! Property consists of a storefront with two retail bays occupied by the same tenant, a small first floor two bedroom apartment down and a large two bedroom apartment up. The residential apartments have both been updated and have baseboard heating. There is a basement under the storefront with an updated full bath, storage and utilities. The building sits on a nice size lot offering outdoor space to tenants and the possibility of parking off the rear alley. This part of Clark Avenue has an active retail presence and seeing a major investment with a new Clark Elementary school just 2 blocks away. Easy access to downtown and University Circle via I-90, minutes to Ohio City, Tremont and Steelyard Commons by car or bike. Public transportation right outside the front door!

Additional Information

Taxes
$3,821
Zoning
Commercial
Heating
Baseboard, Forced Air
Air Conditioning
Wall Unit(s)
Stories
2
Levels
Two
Roof
Asphalt, Fiberglass
Foundation
Basement, Block
Parking Features
On Street
School District
Cleveland Municipal - 1809

Listing Courtesy of: David S Sharkey, dsharkey@progressiveurban.com With Progressive Urban Real Estate Co

Selling Office: RE/MAX Haven Realty.

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