5384 Saint Clair Ave
Cleveland, OH 44103
Commerce de détail Propriété À vendre

This well-maintained mixed-use property includes two retail spaces at street level and three residential units above. The retail spaces consist of a shoe repair shop and a restaurant, which will be vacant at closing as operations wind down mid-summer. The restaurant space is fully equipped with a commercial kitchen, bar, office, restrooms, storage, and walk-in cooler and freezer, allowing for continued use or repositioning. The shoe repair tenant is long-standing and will remain in place.
The upper level features three occupied apartments, each with two bedrooms, one full bathroom, kitchen, living room, dining area, and laundry. The residential units have been renovated. The property also includes three separate basements and individually metered utilities.
A second parcel provides a large asphalt parking lot, a rare amenity for the area. Recent updates include concrete work at the rear of the building, parking lot paving and seal coating, Trex deck installations, LVT flooring in the restaurant, a roof replacement over one apartment, drainage improvements, two hot water tanks, a serviced walk-in cooler and freezer, an ADT alarm system, two newer furnaces, and updates to the restaurant office and one apartment.
The apartments and shoe shop generate approximately $26,400 annually in rental income. The property is located near shopping, freeway access, downtown amenities, Lake Erie, parks, and major healthcare facilities.