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Investment Highlights
- Prime High-Traffic Location with Income Potential
- Spacious 3-Bedroom Apartment with Hardwood Floors
- Established Commercial Property with History
Executive Summary
Welcome to 5203 Turney Road! Well renown Al's Tavern is up for sale for the first time since it was built. It has been in the family all of these years and is ready for it's next owner. Use this retail zoned commercial space on a high traffic street as another bar, a beauty parlor, small shop, convenient store, you name it! 1200 square feet of retail space with two bathrooms, a storage room and kitchen area PLUS a 1200 square foot, 3 bedroom hardwood floor apartment upstairs with a nice sized kitchen and full bath. Use this unit as a living space or for additional rental income! The back yard is equipped with a vinyl fenced, paved patio and a garage. There is plenty of space for storage in the full basement. Both spaces are separately metered for gas and electric. The parking lot consists of 11 spaces, close to downtown Cleveland and major highways ! Wonderful business opportunity for the next owner. Reach out for more information!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
3,600 SF
Building Class
C
Year Built
1949
Price
$339,739 CAD
Price Per SF
$94.37 CAD
Tenancy
Single
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.36
Lot Size
0.23 AC
Zoning
U-4
Parking
11 Spaces (3.06 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 545-02-012 | Improvements Assessment | $60,091 CAD |
| Land Assessment | $14,640 CAD | Total Assessment | $74,731 CAD |
Property Taxes
Parcel Number
545-02-012
Land Assessment
$14,640 CAD
Improvements Assessment
$60,091 CAD
Total Assessment
$74,731 CAD
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5203 Turney Rd
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