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Listed By
Agency Name: Howard Hanna
Agency Contact: TomHLilly@gmail.com, 216-235-1047
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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Property Description
Terrific opportunity for investor or owner-operator. Use the available unit as your blank canvas for a new business with a tenant already in place in the smaller unit. Two-unit storefront in high-density area with a significant traffic count. Small unit is currently rented at $1200/mo, while larger storefront was restaurant renting at $3500/mo before exiting. Grossed $56,400/year in rent, with a cap rate of 8.5% make this a safe investment. Surface parking in rear. Close to major retail developments, as well as new residential development. Stable area with average household incomes of $124k within the 1 mile radius. Rare opportunity.
Property Features
Property Type: Commercial - Retail
Basement: None
Cooling: Central Air
Days on Market: 1
Heating: Forced Air
Lot Size: 0.13 Acres
Roof Type: Rubber
Stories: 1.0
Taxes: $6,401 / year
Year Built: 1947
Feature Descriptions
Parcel#: 687-05-060
Sewer: Public Sewer
Units: 2
Water: Public
Local Schools
School District: Cleveland Hts-Univer - 1810
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2078 S Taylor Road | MLS# 5184077
This commercial property located at 2078 S Taylor Road, Cleveland Heights, OH 44118 is currently listed for sale with an asking price of $450,000. S Taylor Road is located within the Cleveland Hts-Univer - 1810 school district. Search Cleveland Heights real estate on www.cutlerhomes.com today.