4828 Lorain Avenue
4828 Lorain Avenue, Cleveland, OH 44102 United States
OVERVIEW
100% occupied mixed-use investment opportunity. First floor retail under a 5-year lease with liquor license in place. Units rehab completed in 2022, with new in-suite HVAC units, granite counter tops, tiled bathrooms and new stainless steel appliances. Mechanical, electrical and plumbing building systems are all new. Capital improvements include new windows throughout and roof replaced within the past 10 years. Shared laundry facilities in lower level. 15-year property tax abatement in place. Local developer has announced two new construction projects directly to the east and west of the site. Covered patio area and private fenced backyard for apartment residents. After-hours parking available across the street at Urban Community School.
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Details
- Building Size:
- 7,570 SF
- Sale Price:
- $900,000 USD
- Lot Size:
- .12 Acres
- Construction Status:
- Existing
- Year Built:
- 1920
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