5384 Saint Clair AveCleveland, OH 44103

Property Details for 5384 Saint Clair Ave

Year built

1910

Construction

TYPE NOT SPECIFIED

Lot size

0.09 AC

Property size (Sq ft)

6,048 SF

Zone code

SI

Property type

Warehouses

APN

104-11-009

APU

10411009

Description

This exceptional mixed-use property at 5384 Saint Clair Avenue in Cleveland, Ohio, presents a rare investment opportunity. The 9,072 square foot brick building sits on a 0.09-acre lot and boasts a diverse income stream. The ground floor houses two established businesses: a shoe repair shop and a well-regarded restaurant operating for over 20 years. The restaurant features a fully equipped kitchen, public restrooms, a diner bar, a full office with a half-bath, ample storage, a walk-in cooler and freezer, and more. Upstairs, three two-bedroom apartments, each with a full bath, kitchen, living room, dining room, and laundry area, provide consistent rental income. All spaces are individually metered. A significant advantage is the inclusion of a large, adjacent 0.09-acre asphalt parking lot, a rare amenity in this area. The property also features three separate basements. Recent improvements include a full concrete back to the building, a completely redone asphalt parking lot with seal coat, Trexboard deck areas on the upper level, LVT flooring in the restaurant, a new roof over apartment 3, additional concrete at the rear of the building (95 ft concrete curb/drywell drainage for the parking lot), island topsoil, two new hot water tanks, updated restaurant office bathroom and office space, a full renovation of Apartment 3, and a walk-in cooler and freezer with recent refrigerant/freezer service. The property also includes an ADT alarm system. Two newer furnaces are also present. The building enjoys a prime location, offering easy access to shopping, freeways, downtown Cleveland, Lake Erie, parks, and hospitals. This turnkey property is being offered at $890,000. Detailed tenant and building information is available in supplemental documents.

• Alternative Use

  Use

  Valuation

  Residential

  $1,245,381

  Hospitality

  $1,140,762

  Educational

  $949,101

  Medical

  $981,742

  Retail

  $1,476,379

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.5216

Longitude

-81.6529

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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