16122 LAKESHORE BLVD

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16122 LAKESHORE BLVD

Cleveland, OH 44110
Asking Price
$2.45M
Asset Type
Land
Class
Class B

What's Special

The property at 16122 Lakeshore Boulevard is situated in the North Collinwood neighborhood of Cleveland, Ohio. This location offers significant frontage along a primary east-west thoroughfare, providing direct access to the Waterloo Arts District and the Euclid Beach Park lakefront area. The surrounding environment consists of a mix of established residential pockets and local retail services. The site is served by multiple public transit routes and maintains efficient proximity to Interstate 90, facilitating logistical connections to the Downtown Cleveland central business district and the eastern suburbs. The asset is suitable for small-scale commercial development, professional office space, or specialized residential projects. Given its location within a transitional urban corridor, ideal use cases include neighborhood-serving retail, a dental or medical clinic, or creative studio space. Potential tenants or owners include local developers looking to capitalize on waterfront proximity or service-oriented businesses seeking a visible presence in an improving residential district. The lot density and zoning allow for versatile site configurations tailored to community-based commercial needs.

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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

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