6812 Lawn Avenue

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6812 Lawn Avenue

Cleveland, OH 44102
Asking Price
$485K
Asset Type
Retail
Class
Class B

What's Special

6812 Lawn Avenue is located in the Detroit-Shoreway neighborhood of Cleveland, Ohio. This urban district is characterized by a mix of traditional residential housing and emerging commercial corridors. The property is situated near the Gordon Square Arts District, providing access to various local theaters, galleries, and dining established along Detroit Avenue. Transportation access includes proximity to several RTA bus lines and the Cleveland Memorial Shoreway (Route 2), which connects the neighborhood to the downtown business district approximately three miles to the east. The property is suited for neighborhood-scale retail use or service-oriented businesses. Ideal use cases include boutique shops, specialized studios, or professional offices seeking storefront visibility within a growing residential pocket. Typical tenants for this asset type often include local entrepreneurs, artisanal retailers, or small-form convenience providers looking to serve the immediate community. Its position within a walkable residential area supports businesses that rely on local foot traffic and neighborhood brand loyalty.

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NOI
$80,000
Cap Rate
16.49%
DSCR
2.78
Strong
Cash-on-Cash
35.19%
Monthly Payment
$2,399.515
Annual Cash Flow
$51,205.816

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