This exceptional mixed-use investment property, located at 5612 Harvard Ave in Cleveland, Ohio, presents a unique opportunity. The offering encompasses two buildings totaling 7,948 square feet on a 0.218-acre lot. The main building, 5612 Harvard Ave, is currently operating as an adult entertainment establishment, complete with a liquor license and a recently remodeled bar area. The attached building, 5610 Harvard Ave, offers a former pizzeria space on the ground floor and two, two-bedroom apartments on the upper level. The property boasts a Class B designation, multi-tenancy, and sits within the LR-D2 permitted zoning district. Built in 1890, the two-story structures provide a solid foundation for continued operation or potential redevelopment. The property's prime location in Cleveland's 44105 zip code, with APN numbers 13222007 and 13222006, offers significant potential for future growth and return on investment. This is a rare chance to acquire a well-situated, income-producing property with diverse revenue streams. The asking price is $750,000. Serious inquiries only.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$830,254
Hospitality
$760,508
Educational
$632,734
Medical
$654,495
Retail
$984,253
Location Insight
City
Cleveland
County
Cuyahoga
State
Ohio
Latitude
41.4481
Longitude
-81.6499
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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