9102 Aetna RdCleveland, OH 44105

Property Details for 9102 Aetna Rd

Year built

1915

Construction

WOOD

Lot size

0.39 AC

Property size (Sq ft)

821 SF

Zone code

SI

Property type

Turn key restaurants

APN

133-24-002

APU

13324002

Description

This exceptional commercial property, located at 9102 Aetna Rd in Cleveland, Ohio, presents a unique investment opportunity. Priced at $300,000, this special-purpose property consists of land and a building previously used as a neighborhood bar. Significant renovations have already been undertaken, including the installation of a brand-new roof and a complete sprinkler system. While initial plans involved converting the space into an adult entertainment establishment, the property's versatile layout and recent improvements make it suitable for a variety of uses. Imagine transforming this space into a thriving bar, a vibrant entertainment venue, or another retail business. The interior requires completion, offering a chance to customize the space to perfectly match your vision. The property is situated in Cuyahoga County, Ohio, with a zip code of 44105, and benefits from its prime location within Cleveland. This is a rare chance to acquire a partially renovated commercial property with significant upside potential at a competitive price. The property's existing infrastructure, including the new roof and sprinkler system, significantly reduces the initial investment required to bring this property to its full potential. Don't miss this opportunity to own a piece of Cleveland's commercial real estate market. Contact us today to schedule a personal tour and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $217,116

  6.5%

  $200,415

  7%

  $186,099

• Comparable approach

  Method

  Valuation

  Relative Method

  $193,527

  Geo Method

  $193,527

• Alternative Use

  Use

  Valuation

  Residential

  $169,057

  Hospitality

  $154,856

  Educational

  $128,838

  Medical

  $133,269

  Retail

  $200,415

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.4589

Longitude

-81.6231

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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