For Sale
$799,000

4172-4174-4178 Rocky Riv Dr Cleveland, OH 44135

11,800 SF, Fully Leased, Value-Add

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional mixed-use property, located at 4172-4174-4178 Rocky River Drive in Cleveland, Ohio, presents a compelling value-add investment opportunity. The 11,800 square foot building sits on a 0.57-acre lot and comprises two buildings, each two stories high. The property features a fully leased 6,251 square foot retail space occupied by "Flight Rentals" and "Dante's Pizza," generating consistent rental income. In addition, the property includes six fully leased apartments – three one-bedroom units and three two-bedroom units. The apartments underwent renovations in 2018 and 2023. Recent capital improvements include a new roof and boiler installed in 2024. The property also boasts a three-car garage (880 square feet), offering additional utility. The asking price is $799,000, translating to $67.71 per square foot. The property benefits from high traffic volume due to its prime location in the Kamms Corner District, with convenient access to Interstates 71 and 90. The property's zoning is LR-C1, Local Retail Business. The owner is responsible for water/sewer, gas, real estate taxes, property maintenance, and CAM fees

Highlights

  • Fully leased, 11,800 SF mixed-use building in Cleveland, OH.
  • 6,251 SF of retail space leased to Flight Rentals and Dante's Pizza.
  • Six leased apartments (three one-bedroom, three two-bedroom), renovated in 2018 and 2023.
  • Features an 880 SF three-car garage.
  • Recent capital improvements include a new roof and boiler (2024).

Property Details for 0 4172-4174-4178 Rocky Riv Dr

Property type
Specialty properties, Retail properties
Square Feet
11,800 SF
Year Renovated
2018
Buildings
2
Stories
2
Lot Size (sq. ft)
24,829 SF

Location Insight

City
Cleveland
County
Cuyahoga
State
Ohio
Latitude
41.441486156785
Longitude
-81.81938104636

FAQs

What type of property is this?
Specialty property - 11,800 SF, Fully Leased, Value-Add
Where is the specialty property located?
The property is located at 4172-4174-4178 Rocky Riv Dr Cleveland, OH.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fully leased, 11,800 SF mixed-use building in Cleveland, OH.; 6,251 SF of retail space leased to Flight Rentals and Dante's Pizza.; Six leased apartments (three one-bedroom, three two-bedroom), renovated in 2018 and 2023.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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0 4172-4174-4178 Rocky Riv Dr
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