2136 Rockwell AveCleveland, OH 44114

Property Details for 2136 Rockwell Ave

Property size (Sq ft)

39,691 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional Cleveland investment opportunity encompasses a 39,691 square foot mixed-use building at 2136 Rockwell Ave, 44114, in Cuyahoga County, Ohio. The property features a thriving, fully occupied commercial space including a well-established Chinese Dim Sum restaurant with approximately 120 seats, catering capabilities, and a private dining room. Four additional retail stores occupy the ground floor, along with a hot pot restaurant, daycare center, law office, and a Chinese association office. The second floor houses a Chinese American historical museum, attracting local tourism. Thirteen residential units (3-4 bedrooms each) generate consistent rental income at $900 per month, with tenants responsible for individual utilities. The owner's expenses are limited to cold water for the apartments, annual snow removal ($600), monthly cleaning ($200), property taxes, and building insurance. A significant value-add opportunity exists with a vacant 4,920 square foot building shell, offering potential conversion into approximately ten one-bedroom apartments, further enhancing cash flow. The asking price for the entire property is $4,250,000 ($107.08/sq ft). The established Emperor Palace restaurant is also available for sale separately, priced at $180,000, including equipment and business assets. This property presents a compelling investment prospect with diverse income streams and substantial upside potential.

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.5083

Longitude

-81.6786

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