$880,000
Fantastic Turnkey Property!!! This well cared for mixed use commercial property offers two very nice retail spaces on the street level: a Shoe Repair shop + a fully operating Restaurant! Restaurant space can be used for anything; building will transfer with restaurant portion closing mid summer. The Landmark Restaurant has been a staple for the area for the last 20+ yrs! Buyer can continue this very profitable business OR Use the retail space for another business! Longstanding left retail unit tenant (Shoe Shop) staying! The upper level contains 3 tenant occupied apartments each w/ 2 bedrooms, 1 bull bath, kitchen/living room/dining room + laundry area! Residential units are nicely renovated! Seller retiring! Bonus: Large 2nd parcel to the left of the building-rare for the area-that houses a large asphalt private parking lot for the entire building! 3 separate basements, all spaces are individually metered! Restaurant space offers full operating kitchen/public bathroom/restaurant/diner bar/full office w/ half bathroom/plenty of storage/walk in cooler+freezer + more! Brick Building! Updates include: Full concrete to back side of building, Fully done asphalt parking lot, Parking lot seal coat, Upper level Trexboard deck areas, LVT restaurant flooring, Roof over apartment 3, additional concrete back of bldg/95 ft concrete curb/drywell drainage for parking lot, island topsoil, 2 hot water tanks, Walk-in Cooler + Freezer plus refrigerant/freezer service, ADT alarm system (that stays), 2 newer furnaces, updated restaurant office bathroom/office space and Full renovation to Apartment 3! Tenant and building info in supplements. Apartments and Shoe Shop alone bring in $26,400 rental income/year! Close to shopping, freeway access, seconds from downtown, seconds from Lake Erie access, parks, hospitals and more! Prime Location! This will not last long!
5207699
MLS
5384 Saint Clair Avenue, Cleveland
Listing Courtesy of: Leilani M Bowersock, leilani7b@gmail.com With Coldwell Banker Schmidt Realty
