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3308 Lorain Avenue
Cleveland, OH 44113
Asking Price
$750K
Asset Type
Storefront Retail
Class
Class B
What's Special
Retail | 4,749 SqFt <ul><li>Rare Ohio City Opportunity with On-Site Parking — One of the few properties on Lorain Avenue offering a dedicated parking lot with 18 surface spaces (and 2 garage spaces), a significant competitive advantage in this dense urban corridor</li><li>Flexible Retail or Office Use — 4,749 SF single-story brick building currently built out as office with a full kitchen; easily convertible to retail, restaurant, or service use under LR – Local Retail zoning</li><li>Prime Lorain Avenue Frontage
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NOI
$80,000
Cap Rate
10.67%
DSCR
1.80
Strong
Cash-on-Cash
15.77%
Monthly Payment
$3,710.591
Annual Cash Flow
$35,472.911
