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3040 St Clair Ave NE
Cleveland, OH 44114
Asking Price
$450K
Asset Type
Restaurant Retail
Class
Class B
What's Special
Retail | 4,905 SqFt <ul><li>Freestanding commercial building for sale in the heart of Midtown</li><li>Flexible building layout and zoning code allows for a wide range of uses</li><li>Sitting on 0.47 acres with approximately 35 parking spaces</li><li>Perfect for investor-owners or operators seeking to capitalize on redevelopment upside in a revitalizing urban corridor</li><li>Close proximity to I-90</li><li>Excellent opportunity for a restaurant conversion</li></ul>
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NOI
$80,000
Cap Rate
17.78%
DSCR
2.99
Strong
Cash-on-Cash
39.47%
Monthly Payment
$2,226.354
Annual Cash Flow
$53,283.746
