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Tremont 2,435 SF Retail Building Cleveland, OH 44113 For Sale
Investment Highlights
- Corner lot with high traffic counts intersection of Literary Road and W 10th Street.
- Contact broker for pricing information.
Executive Summary
This mixed-use owner/user or value-add investment opportunity is located in the heart of Tremont, one of Cleveland’s most walkable and sought-after neighborhoods, and features a 2,200 SF triplex with retail, office, and residential income potential, including 518 to 1,025 SF of street-level retail or office space with direct frontage on West 10th Street and Literary Avenue, a flexible layout suitable for owner-occupancy, live/work use, or full investment, a full basement ideal for tenant storage or back-of-house operations, the ability to activate outdoor space for a courtyard or patio, and convenient access to Downtown Cleveland, Ohio City, and major highways.
Financial Summary (Pro Forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$83,578
|
$34.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,179
|
$1.72
|
| Effective Gross Income |
$79,399
|
$32.61
|
| Taxes |
$9,123
|
$3.75
|
| Operating Expenses |
$5,030
|
$2.07
|
| Total Expenses |
$14,152
|
$5.81
|
| Net Operating Income |
$65,247
|
$26.80
|
Financial Summary (Pro Forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $83,578 |
| Annual Per SF | $34.32 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,179 |
| Annual Per SF | $1.72 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $79,399 |
| Annual Per SF | $32.61 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,123 |
| Annual Per SF | $3.75 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $5,030 |
| Annual Per SF | $2.07 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $14,152 |
| Annual Per SF | $5.81 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $65,247 |
| Annual Per SF | $26.80 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,435 SF
Building Class
C
Year Built
1910
Tenancy
Single
Building Height
2 Stories
Building FAR
1.30
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
2F
Parking
2 Spaces (0.82 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 004-12-011 | Total Assessment | $116,436 CAD (2025) |
| Land Assessment | $17,924 CAD (2025) | Annual Taxes | $9,123 CAD ($3.75 CAD/SF) |
| Improvements Assessment | $98,512 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
004-12-011
Land Assessment
$17,924 CAD (2025)
Improvements Assessment
$98,512 CAD (2025)
Total Assessment
$116,436 CAD (2025)
Annual Taxes
$9,123 CAD ($3.75 CAD/SF)
Tax Year
2024
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