14747 Lorain Avenue

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14747 Lorain Avenue

Cleveland, OH 44111
Asking Price
$2.53M
Asset Type
Retail
Class
Class B

What's Special

14747 Lorain Avenue is situated in the West Park neighborhood of Cleveland, a well-established corridor characterized by a mix of local businesses and national retailers. The property benefit from high visibility along a primary East-West thoroughfare with consistent daily traffic counts. Nearby amenities include various dining options, service-oriented businesses, and the Kamm’s Corners shopping district. The site is accessible via several public transit routes and maintains proximity to the I-90 and I-71 interchanges, providing efficient connections to downtown Cleveland and Cleveland Hopkins International Airport. This retail asset is suited for automotive services, specialized showrooms, or neighborhood-scale commercial ventures. The layout and location cater to tenants requiring high street frontage and ease of access for local commuters. Typical occupants for this submarket include independent retailers, medical office practitioners, and convenience-based service providers. The surrounding residential density supports a steady consumer base, making the property functional for businesses focused on daily needs and localized trade.

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NOI
$80,000
Cap Rate
3.16%
DSCR
0.53
Underwater
Cash-on-Cash
-9.26%
Monthly Payment
$12,533.549
Annual Cash Flow
$-70,402.593

Location & Travel Times