Listed By
Agency Name: Berkshire Hathaway HomeServices Professional Realty
Agency Contact: clientcare@taskteamcle.com, 216-276-1626
Shown By
Agent Name: Steve Burgess
Agent Phone: (330) 327-3393
Agency Title: Cutler Real Estate
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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.**
Property Features
Property Type: Commercial - Retail
Days on Market: 4
Heating: Hot Water, Steam
Lot Size: 0.10 Acres
Taxes: $8,939 / year
Year Built: 1911
Feature Descriptions
Parcel#: 109-24-016
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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11239 Superior Avenue | MLS# 5205197
This commercial property located at 11239 Superior Avenue, Cleveland, OH 44106 is currently listed for sale with an asking price of $499,900. Superior Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.steveburgessre.com today.