5333 Lorain Avenue

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5333 Lorain Avenue

Cleveland, OH 44102
Asking Price
$1.70M
Asset Type
Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located at 5333 Lorain Avenue in Cleveland, Ohio
  • Versatile mixed-use property listed for sale
  • Current asking price set at $1,700,000
  • Well-positioned within a growing Cleveland neighborhood
  • Adaptable design for retail and residential uses

What's Special

This mixed-use asset at 5333 Lorain Avenue in Cleveland, Ohio, provides a functional footprint for investors seeking a versatile commercial holding. Situated within a historic urban corridor of the city, the property benefits from the ongoing revitalization of local neighborhoods and improved access to the broader Cleveland metropolitan economy. The regional market continues to attract attention for its diverse manufacturing and healthcare sectors, providing a stable foundation for property owners. Given the configuration of the site, potential use cases include a blend of street-level retail or professional services combined with upper-floor residential or office space. Buyers can leverage the existing structure to capture demand from the surrounding community, which benefits from consistent infrastructure investment and proximity to downtown Cleveland. The property is currently available for purchase at an asking price of $1,700,000, offering a clear acquisition target for those focused on urban infill or long-term portfolio growth in a well-established Midwestern market.

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NOI
$80,000
Cap Rate
4.71%
DSCR
0.79
Underwater
Cash-on-Cash
-4.10%
Monthly Payment
$8,410.672
Annual Cash Flow
$-20,928.069

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