3106 W 73rd St, Cleveland, OH 44102 For Sale

INVESTMENT OPPORTUNITY: 3106 W 73rd St, Cleveland, OH 44102

🏢 Property Overview

• Building Size: 4,688 sq ft

• Lot Size: Approx. 5,000+ sq ft

• Zoning: Retail / Commercial Mixed Use

• Configuration: 3 storefronts (previously used as 2 churches)

• Potential Uses: Retail shops, office space, event center, daycare, church/nonprofit

💰 Financial Snapshot

• Asking Price: $225,000

• Cost per Sq Ft: $48.00 (well below market average of $75–$120/sq ft)

📈 Income & ROI Potential

Retail/Office Rental Strategy

• Rent potential: $1,000–$1,250/month per storefront

• Monthly Gross Income: $3,000–$3,750

• Annual Gross Income: $36,000–$45,000

• Estimated Cap Rate (post-rehab): 14% – 18%

Event Center Strategy

• Event rental rate: $1,000–$2,500 per event

• 4–8 events/month = $48,000–$96,000/year gross income

Daycare or Institutional Tenant

• Triple Net Lease potential: $2,500–$3,500/month

• Long-term tenant stability

⚙️ Rehab & Upside

• Estimated Renovation: $30,000–$50,000

• Post-Renovation Value: $350,000–$425,000+

• Equity on Day 1 with value-add opportunity

🏙️ Location Highlights

• In the heart of Detroit-Shoreway / Gordon Square Arts District

• Near Edgewater Beach, W 65th RTA, and downtown Cleveland

• Excellent accessibility and neighborhood growth potential

🔐 Key Investor Takeaways

• Under-market price = Immediate equity

• Flexible usage for diverse income options

• High ROI potential with minimal renovation

• Strategic location with growing demand

For More Information or a Private Tour Contact:
CAROLYN SWOOPE
216-799-9000
[email protected]
C. RYAN’S REALTY

All figures are estimates based on current market trends and comparable properties.