4828 Lorain Avenue

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4828 Lorain Avenue

Cleveland, OH 44102
Asking Price
$900K
Asset Type
Retail
Class
Class B

What's Special

4828 Lorain Avenue is located in the Ohio City neighborhood of Cleveland, a district characterized by historic architecture and diverse commercial activity. The property sits along a primary East-West transit corridor, offering direct access to the Greater Cleveland Regional Transit Authority (RTA) bus lines and proximity to the West 25th Street intersection. This central location provides high pedestrian visibility and is situated within walking distance of the West Side Market, local breweries, and numerous established dining venues. The building is suited for boutique retail, specialty services, or local consumer goods showrooms. The storefront layout favors tenants looking for high street-level engagement in an urban setting. Potential occupants include independent retailers, fitness studios, or professional service firms seeking visibility in a dense residential and commercial hub. The surrounding demographic supports businesses focused on lifestyle services and convenience-based retail tailored to the neighborhood’s growing residential population.

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NOI
$80,000
Cap Rate
8.89%
DSCR
1.50
Strong
Cash-on-Cash
9.84%
Monthly Payment
$4,452.709
Annual Cash Flow
$26,567.493

Location & Travel Times