5010 LORAIN Ave, Cleveland OH 44102 Photo 1

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5010 LORAIN Ave - Detroit Shoreway / Ohio City BRICK commercial building in Lorain Ave's quickly growing commercial district! Many new and 'to be opened' new businesses coming to this area in the coming months! Large parcel includes an old 1800's structure (In rear - appears to be an old home) for potential single home or tear down for more parking! TWO rental suites on 2nd level (One 1 bedroom, one 2 bedroom) currently occupied! **ENTIRE FIRST FLOOR NEEDS RENOVATION - IN VERY POOR CONDITION**, though apartments are livable. Great opportunity to create retail or restaurant space! Lots of residential new construction in this area + close proximity to Urban Community School!

Listing information

  • MLS® ID: 3804440
  • Status: Active with Contingency
  • New Construction: No
  • County: Cuyahoga
  • Style: Mixed Use
  • Stories: 0
  • Foreclosure: No
  • Year Built: 1910
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $1,462

Features

Apartments Type Apartments/Retail
Assessments Y/N No
Available Financing Cash, Conventional
Homestead Exemption Y/N No
Possession Time of Transfer
Property Subtype Mixed Use
Retail Type Free Standing
Listing Courtesy of Howard Hanna