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33289952
33289951

11239 Superior Avenue, Cleveland, OH 44106 For Sale

ST
OH 2005006382
Berkshire Hathaway HomeServices Professional Realty Cleveland
Listed by Berkshire Hathaway HomeServices Professional Realty Cleveland
$475,000
70 days on market
Updated 21 days ago
Opportunity zone

11239 Superior Avenue

Details
Property Type Retail, Mixed Use
Sub Type Grocery Store, Storefront (+1)
Square Footage 10,248
Units 7
Cap Rate 11.12%
NOI $52,813
Occupancy 71%
Tenancy Multi
Lease Type Gross
Year Built 1911
Acreage 0.090
Ground Lease No

Retail | 11.12% CAP | 10,248 SqFt

Marketing description

**Great mixed-use investment opportunity on Superior Ave! This prominent three-story brick building offers a versatile combination of two street-level retail/commercial spaces and five upper-level apartments, including two 3-bedroom units and three 2-bedroom units. Current projections show potential annual gross income of $74,376, with upside to approximately $95,232 after improvements, supporting projected cash-model ROI of 10.46% to 12.42% and leveraged ROI of 11.69% to 16.67%, based on seller-provided assumptions. The property features classic architectural details, tall ceilings, large windows, neutral interiors with white trim, and decorative fireplace mantels that add character throughout. The commercial spaces offer excellent renovation potential, with exposed brick, original pressed-tin ceilings, and open layouts ideal for a variety of business uses. Bring your vision and unlock the possibilities for income, business, or redevelopment upside. Commercial spaces and basement available for viewing. Buyer to verify all income, expenses, projections, and permitted uses.**

Listing Contacts

ST
OH 2005006382
Berkshire Hathaway HomeServices Professional Realty Cleveland
Listed by Berkshire Hathaway HomeServices Professional Realty Cleveland

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$52,813.00
$4,401.08/mo

Valuation Metrics

0
DSCR
11.12%
Cap Rate
11.12%
ROI

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