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Edison's Pub Building 2373 Professor Ave 7,234 SF 100% Leased Retail Building Cleveland, OH 44113 $1,847,183 CAD ($255.35 CAD/SF) 8.08% Cap Rate
Investment Highlights
- Popular and thriving Tremont location
- On-site parking for customers and staff
- Significant expansion and redevelopment potential
- Established building with strong neighborhood presence
- Additional vacant lot included
- Convenient access to downtown and major highways
Executive Summary
Located in the highly sought-after Tremont neighborhood, this well-established property offers exceptional visibility and growth potential. The sale includes an existing building with dedicated parking and an adjacent vacant lot, providing ample opportunity for expansion or future development. Offered by owner of 36 years. Properties with both parking and expansion land in Tremont are increasingly rare, making this a unique opportunity for long-term value and growth.
Property Facts
Sale Type
Investment
Property Type
Building Size
7,234 SF
Building Class
C
Year Built
1910
Price
$1,847,183 CAD
Price Per SF
$255.35 CAD
Cap Rate
8.08%
NOI
$149,196 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.00
Lot Size
0.17 AC
Opportunity Zone
Yes
Frontage
90’ on Professor St.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Edison's Pub
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Edison's Pub | - | - | - | - |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 004-16-095 | Improvements Assessment | $183,212 CAD |
| Land Assessment | $65,000 CAD | Total Assessment | $248,212 CAD |
Property Taxes
Parcel Number
004-16-095
Land Assessment
$65,000 CAD
Improvements Assessment
$183,212 CAD
Total Assessment
$248,212 CAD
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Presented by
Mark LaGrange
Edison's Pub Building | 2373 Professor Ave
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