1192 E. 40th St

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1192 E. 40th St

Cleveland, OH 44114
Asking Price
$2.40M
Asset Type
Industrial
Class
Class B

What's Special

1192 E. 40th St is located in the St. Clair-Superior neighborhood of Cleveland, Ohio. This industrial site is situated within the city’s historic manufacturing corridor, characterized by a mix of functional warehouses and emerging creative spaces. The property offers proximity to local amenities along St. Clair Avenue and is less than two miles from the Cleveland State University campus. Transportation access is provided via Interstate 90 and the Shoreway, facilitating logistics and commuting routes between the central business district and the eastern suburbs. The asset is suited for small-to-mid-sized industrial operations, including light manufacturing, regional distribution, and contractor storage. Its location near downtown Cleveland makes it an optimal site for last-mile delivery services or trade workshops requiring central urban access. Typical tenants for this classification of property include electrical or plumbing contractors, boutique fabrication shops, and logistics firms seeking a satellite presence near the city's major commercial hubs.

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NOI
$80,000
Cap Rate
3.33%
DSCR
0.56
Underwater
Cash-on-Cash
-8.68%
Monthly Payment
$11,873.891
Annual Cash Flow
$-62,486.686

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