620 East 185th Street

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620 East 185th Street

Cleveland, OH 44119
Asking Price
$475K
Asset Type
Day Care/Nursery Retail
Class
Class B

What's Special

620 East 185th Street is located in the North Collinwood neighborhood of Cleveland, Ohio, near the Lake Erie shoreline. The property is situated on a primary commercial corridor characterized by a mix of long-standing local businesses, service providers, and residential pockets. The location offers direct access to Interstate 90, facilitating regional connectivity to downtown Cleveland and the eastern suburbs. Public transportation is available via multiple RTA bus stops within walking distance. Nearby amenities include community parks, local eateries, and a variety of small-scale retail establishments that drive consistent neighborhood foot traffic. The building is suited for retail operations requiring high visibility and street-level access. Ideal use cases include boutique shops, convenience retail, or professional service firms such as insurance agencies and tax offices. The typical tenant profile consists of local entrepreneurs or regional service providers looking to establish a presence in a high-density urban environment. Given the layout and neighborhood demographics, the space is well-positioned for businesses that rely on a combination of local pedestrian customers and commuters traveling along the East 185th Street thoroughfare.

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NOI
$80,000
Cap Rate
16.84%
DSCR
2.84
Strong
Cash-on-Cash
36.35%
Monthly Payment
$2,350.041
Annual Cash Flow
$51,799.51

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