5011 Clark AVE Pending Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44102
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Pending
Purchase Type For Sale
Subdivision Clark Fulton
MLS Listing ID 5070704
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1890
Annual Tax Amount $3,821
Tax Year 2023
Lot Size 5,000 Sqft
Acres 0.1148
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!
Location
State OH
County Cuyahoga
Interior
Heating Baseboard,Forced Air
Cooling Wall Unit(s)
Fireplace No
Exterior
Garage On Street
Fence Chain Link,Privacy
Waterfront No
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Present Use Residential,Retail
Parking Type On Street
Building
Story 2
Foundation Basement,Block
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 016-11-047
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard