43
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$499,900
Est. payment /mo
4,199 Sqft Lot
New
11239 Superior AVE Cleveland, OH 44106
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision A J Harahs
MLS Listing ID 5205197
HOA Y/N No
Year Built 1911
Annual Tax Amount $8,939
Tax Year 2025
Lot Size 4,199 Sqft
Acres 0.0964
Property Sub-Type Retail
Property 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.**
Location
State OH
County Cuyahoga
Interior
Heating Hot Water, Steam
Fireplace No
Exterior
Water Access Desc Public
Present Use Multi-Family,Mixed Use,Retail
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 109-24-016
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Seth B Task • Berkshire Hathaway HomeServices Professional Realty • [email protected], 216-276-1626
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