11239 Superior Avenue

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11239 Superior Avenue

Cleveland, OH 44106
Asking Price
$475K
Cap Rate
11.12%
Asset Type
Grocery Store Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail grocery asset spanning 10,248 square feet of space.
  • Property currently listed for sale at 475,000 dollars.
  • Investment delivers an 11.12% capitalization rate for owners.
  • Situated in the 44106 zip code of Cleveland, Ohio.
  • Functional retail building layout suitable for various commercial uses.

What's Special

Operators seeking a stabilized retail investment can consider this 10,248 square foot grocery store facility located at 11239 Superior Avenue in Cleveland, Ohio. The property presents a functional layout suitable for continued use as a neighborhood grocery market or for conversion into alternative retail operations serving the surrounding 44106 zip code. Its position within this urban market provides established access to local transit corridors and community infrastructure, positioning the asset for consistent engagement with the immediate residential base. The Cleveland submarket continues to experience varied economic activity, providing a stable foundation for commercial storefronts. With an 11.12% capitalization rate, this acquisition provides a tangible income-producing asset for investors focused on value-oriented retail acquisitions in the Midwest. The building remains positioned to support long-term operations for a business or investor looking to secure a foothold in this established municipal corridor.

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NOI
$80,000
Cap Rate
16.84%
DSCR
2.84
Strong
Cash-on-Cash
36.35%
Monthly Payment
$2,350.041
Annual Cash Flow
$51,799.51

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