11815 LORAIN AVE

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11815 LORAIN AVE

Cleveland, OH 44111
Asking Price
$850K
Asset Type
Retail
Class
Class B

What's Special

11815 Lorain Avenue is situated in the West Boulevard neighborhood of Cleveland, positioned along a primary commercial thoroughfare. The property is located approximately six miles west of the central business district and provides direct proximity to Interstate 90. The surrounding district features a blend of established residential pockets and local service businesses. Public transportation is highly accessible, with multiple Greater Cleveland Regional Transit Authority bus stops located within two blocks. Immediate neighborhood amenities include diverse local dining options, grocery stores, and professional services, while the nearby Kamm’s Corners and Cudell areas provide additional commercial infrastructure. The building is suited for a variety of retail applications, including neighborhood-scale storefronts, specialty boutiques, or essential service providers. Given the surrounding residential density and consistent vehicle traffic on Lorain Avenue, the space is optimal for tenants seeking high visibility and neighborhood engagement. Ideal tenant profiles include local entrepreneurs, regional retail franchises, or small-scale medical and professional offices requiring a street-level presence. The functional layout supports uses ranging from convenience retail to service-oriented businesses that benefit from the area's walkable urban character and steady transit flow.

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NOI
$80,000
Cap Rate
9.41%
DSCR
1.59
Strong
Cash-on-Cash
11.58%
Monthly Payment
$4,205.336
Annual Cash Flow
$29,535.965

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