5612 Harvard AveCleveland, OH 44105

  • Warehouses
  • 4,032 SF
For Sale
$750,000 View listing

Property Details for 5612 Harvard Ave

Year built
1890
Construction
WOOD
Lot size
0.11 AC
Property size (Sq ft)
4,032 SF
Zone code
GR
Property type
Warehouses
APN
132-22-007
APU
13222007

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,920
$3,680
$15,540
$19,220
-
$10,500
$44,400
$54,900

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].