16122 LAKESHORE BLVD

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16122 LAKESHORE BLVD

cleveland, OH 44110
Asking Price
$2.45M
Asset Type
Retail
Class
Class B

What's Special

16122 Lakeshore Blvd is located in Cleveland’s Collinwood neighborhood, situated along a primary east-west commercial corridor. The surrounding area features a mix of residential housing and local businesses, providing a steady base of neighborhood traffic. Notable nearby amenities include various local eateries and the Waterloo Arts District to the west. The property is positioned for easy accessibility, with multiple Greater Cleveland Regional Transit Authority (RTA) bus stops within walking distance and proximity to Route 2 and Interstate 90 for regional connectivity. The retail footprint is suited for service-oriented businesses, convenience retail, or neighborhood boutiques. Ideal tenants include professional services such as insurance agencies or tax offices, as well as specialty retail shops focusing on the local demographic. Given the street-front visibility and high pedestrian potential, the asset is also appropriate for small-scale food and beverage operators or health and wellness studios seeking a location within a settled urban community.

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NOI
$80,000
Cap Rate
3.27%
DSCR
0.55
Underwater
Cash-on-Cash
-8.91%
Monthly Payment
$12,121.263
Annual Cash Flow
$-65,455.159

Location & Travel Times