Commercial Real Estate in Ohio available for sale
Parking Garages For Sale

Parking Garages for Sale in Ohio, USA

More details for 726 E Lincolnway, Minerva, OH - Retail for Sale

726 E Lincolnway

Minerva, OH 44657

  • Parking Garage
  • Retail for Sale
  • $688,862 CAD
  • 3,000 SF
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More details for 955 N Main St, Urbana, OH - Flex for Sale

955 N Main St

Urbana, OH 43078

  • Parking Garage
  • Flex for Sale
  • $826,800 CAD
  • 6,250 SF
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More details for 115 Grant ave, Columbus, OH - Land for Sale

99 Year Parking Lot Ground Lease - 115 Grant ave

Columbus, OH 43215

  • Parking Garage
  • Land for Sale
  • $165,360 CAD
  • 0.20 AC Lot

Columbus Land for Sale - Downtown

Extremely unique and rare bite size opportunity to acquire an absolute NNN 99 year leased CBD Parking Lot in Columbus, OH. The property is leased to Allright Parking Columbus, Inc. until Oct. 31, 2087 ensuring long-term stability and fully passive income. Current rent is fixed at $6,000 per year until 2087. This is a rare chance to own land with perpetual renewal potential and truly hands-off ownership. Columbus, OH is the fastest-growing city in the Midwest, having recently reached a population of approximately 933,263 as of July 2024. The downtown core is undergoing a significant residential transformation, with the population surpassing 11,000 residents and projected to reach 17,100 by 2027. Downtown remains the region's primary employment hub, supported by more than 1.16 million total workers in the metro area. Major upcoming developments like the $2 billion airport expansion and the Scioto Peninsula phase 2 continue to drive daytime density. Connectivity is being revolutionized by the LinkUS initiative and The Capital Line, a $100 million, two-mile urban pathway exclusive to bike and pedestrian traffic that loops through the heart of downtown. Construction for this project is slated to begin in late 2025. Columbus is home to many major corporate HQs or hubs such as Nationwide Insurance, The Ohio State University, Anduril, Amazon, Meta (Facebook), Google, Intel, Wendys International, The Limited Brands, Cardinal Health, American Electric Power, JP Morgan Chase (which operates massive local operations) and many more.

Contact:

SVN | Wilson Commercial Group, LLC

Property Subtype:

Commercial

Date on Market:

2026-03-23

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More details for TURNKEY RESTAURANT & EVENT VENUE – for Sale, Springfield, OH

TURNKEY RESTAURANT & EVENT VENUE

  • Parking Garage
  • Mixed Types for Sale
  • $1,033,500 CAD
  • 2 Properties | Mixed Types

Springfield Portfolio of properties for Sale - Northeast Dayton

TURNKEY RESTAURANT & EVENT VENUE | SPRINGFIELD, OH ******Only 227 E Cecil Ave, Springfield Oh 45503 for sale at $750,000. 914 N Limestone Ave, Springfield OH 45503 can be purchased for an additional $300,000. An exceptional opportunity to acquire one of Springfield's most recognizable restaurant properties at a newly adjusted offering price of $750,000. Located at 227 E. Cecil Street, the former Cecil & Lime restaurant has served the Springfield and Miami Valley market for more than two decades and is widely recognized as a premier dining destination. This offering presents a rare opportunity for a restaurant operator, hospitality group, brewery, catering company, or investor to acquire a fully developed restaurant facility with significant existing infrastructure already in place. The property features a beautifully maintained dining area, upgraded bar, commercial kitchen, extensive outdoor patio and deck space, and a layout designed to accommodate both daily dining operations and private events. The outdoor entertainment area is among the most attractive hospitality spaces in the region and creates opportunities for weddings, corporate gatherings, private parties, and seasonal events. Numerous improvements have been completed in recent years, including interior renovations, flooring updates, paint, roof improvements, bar enhancements, and mechanical system upgrades. Furniture, fixtures, equipment, and liquor license may be available as part of the transaction, creating a true turnkey opportunity for qualified buyers. The property includes substantial on-site parking. The adjacent medical facility will retain either a limited parking easement north of the medical building or up to 13 designated parking spaces, subject to final survey and closing structure. The restaurant will continue to maintain significant parking capacity to support restaurant and event operations. For operators seeking expansion, entrepreneurs entering the hospitality industry, or investors searching for a unique commercial asset, this property offers the ability to acquire a well-known location and begin operations with minimal downtime and significantly lower costs than developing a comparable facility from the ground up. Seller is motivated and welcomes discussions with qualified buyers. 914 N Limestone Ave, Springfield OH shares a parking lot with 227 E Cecil Ave. If buyer only wants the restaurant the price is $750,000 and will come with over 33 parking spots and the seller will resurvey the medical which is to allow for 13 parking spots to stay and for a common easement along N of Medical office building. Contact Arthur for more info as well as a more detailed explanation.

Contact:

Coldwell Banker Commercial | Heritage

Property Subtype:

Mixed Types

Date on Market:

2026-03-17

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More details for 1610 Germantown Rd, Middletown, OH - Retail for Sale

1610 Germantown Rd

Middletown, OH 45042

  • Parking Garage
  • Retail for Sale
  • $606,182 CAD
  • 5,446 SF
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More details for 100 E Nottingham Rd, Dayton, OH - Multifamily for Sale

100, 108, 112 E. Nottingham Rd., Dayton, OH 4 - 100 E Nottingham Rd

Dayton, OH 45405

  • Parking Garage
  • Multifamily for Sale
  • $902,590 CAD
  • 4,620 SF
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More details for 115 W Aurora Rd, Northfield, OH - Office for Sale

115 W Aurora Rd

Northfield, OH 44067

  • Parking Garage
  • Office for Sale
  • $689,000 CAD
  • 2,500 SF
  • Security System
  • 24 Hour Access
  • Conferencing Facility

Northfield Office for Sale - Akron

Commercial Property Description An exceptional opportunity for an owner-user or investor to acquire a versatile multi-unit commercial office property in a convenient suburban location. This well-maintained building currently offers five office units, providing the flexibility to occupy space for your own growing business while generating additional rental income from the remaining suites. The property features a full basement with both interior and exterior access, including a walk-out and walk-up entry. Approximately half of the basement is finished, offering additional usable workspace or storage, while the unfinished portion allows for future customization. The structure is solidly built with block construction, an asphalt/fiberglass roof, and efficient forced air gas heating with central air conditioning. Set on approximately 2 acres, the property provides ample room for future expansion, additional structures, or further site improvements, making it ideal for businesses looking to scale operations. Parking is plentiful with a combination of asphalt and concrete paved areas, including a detached two-car heated garage that faces the front of the property. The garage includes second-floor office space, creating a unique additional workspace, studio, or potential rental opportunity. Utilities include public water and public sewer, and the property incorporates several energy-efficiency improvements, including upgraded HVAC systems, insulation, and roofing, along with improved ventilation and low-flow fixtures. With its flexible layout, strong income potential, generous parking, and expansive land, this property presents limitless possibilities for professional offices, service businesses, or investment purposes. A rare opportunity to secure a property that supports both immediate income and long-term growth.

Contact:

Berkshire Hathaway HomeServices Stouffer Realty

Date on Market:

2026-03-12

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More details for 5091 Champions Way, Milford, OH - Land for Sale

5091 Champions Way

Milford, OH 45150

  • Parking Garage
  • Land for Sale
  • $1,123,070 CAD
  • 5.12 AC Lot

Milford Land for Sale - Milford/Wards Corner

This exceptional 5-acre commercial parcel presents a rare opportunity for businesses looking to build and grow. Ideally suited for a warehouse, office building, distribution center, or industrial facility, this property offers the perfect foundation for a wide range of commercial and light industrial uses. The site features brand-new infrastructure that was recently completed, providing a major advantage for developers and investors. Improvements include a newly constructed road, along with modern storm drainage, sewer, water, and natural gas lines already in place. All utilities are readily available at the property line, allowing for quick and cost-effective connections during development. With its generous size, flat and buildable layout, and newly installed infrastructure, the property significantly reduces the time and expense typically required to prepare a commercial site for construction. This makes it an ideal choice for companies looking to expand operations, establish a new headquarters, or launch a new industrial project. Tucked away yet full of potential, this parcel is truly a hidden gem—offering the infrastructure readiness, flexibility, and space that growing businesses need to succeed. Whether you're planning a modern office complex, a logistics hub, or a light manufacturing facility, this property provides a prime canvas for your next commercial venture. ??????

Contact:

G21 Properties LLC

Property Subtype:

Industrial

Date on Market:

2026-03-05

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More details for 3380 Successful Way, Dayton, OH - Office for Sale

3380 Successful Way

Dayton, OH 45414

  • Parking Garage
  • Office for Sale
  • $619,962 CAD
  • 8,000 SF

Dayton Office for Sale - North Dayton

3380 Successful Way – Dayton, Ohio Offered for sale at $499,000, 3380 Successful Way is a 8,000 SF office/flex building located in Dayton, Montgomery County. Situated on 0.56 acres and built in 1985, this versatile property is ideally suited for light manufacturing, service, distribution, or office users seeking a functional layout with strong highway access. The building features 12 private offices, a large showroom, and approximately 2,500 SF of workshop space, providing a balanced mix of professional office and industrial utility. Industrial amenities include 3-phase electric service and a 10’ overhead door, supporting a wide range of operational needs. The property sits on a secured, fenced lot with a large paved parking area (20+ spaces), ideal for fleet parking, equipment storage, or additional outdoor storage requirements. The building is equipped with central air conditioning, gas forced air heat, and three restrooms. Annual real estate taxes are approximately $9,040. Zoning is I-2 (Industrial) — users should confirm intended use with the City of Dayton. Strategically located just minutes from I-75, the property offers exceptional regional accessibility and is in close proximity to major area employers and destinations including Hollywood Gaming at Dayton Raceway and Cargill. This is an excellent opportunity to acquire a flexible industrial asset in a strong Dayton submarket with immediate functionality and long-term upside.

Contact:

Howard Hanna Real Estate Services

Date on Market:

2026-03-02

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More details for 406 2nd Ave, Chesapeake, OH - Office for Sale

406 2nd Ave

Chesapeake, OH 45619

  • Parking Garage
  • Office for Sale
  • $259,753 CAD
  • 1,709 SF
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More details for 5393 Pearl Rd, Parma, OH - Office for Sale

5393 Pearl Rd

Parma, OH 44129

  • Parking Garage
  • Office for Sale
  • $480,922 CAD
  • 2,000 SF
  • Air Conditioning
  • Security System
  • Car Charging Station

Parma Office for Sale - Southwest

Exceptional opportunity to own a fully renovated freestanding commercial building in a high-visibility location at a major intersection on Pearl Road in Parma. This property has undergone a complete gut renovation with over $175,000 invested since 2023, offering a turnkey space ready for your business. All plumbing and electrical have been redone, and HVAC ductwork has been added throughout the building. The flat roof was serviced in 2022. The building is fully permitted with the City of Parma, and blueprints and permits from the previous business are available for review. Inside, the space features an open, modern layout with newer windows, updated finishes, and flexible configurations ideal for retail, office, studio, or service-based businesses. The upstairs office/flex area includes two full bathrooms, a newer washer and dryer (2023), and a refrigerator in the office space (2023), providing additional convenience and versatility. Security is already in place with eight functional cameras (3 interior, 5 exterior) and an ADT system ready for activation. A 220-volt electrical line has been installed at the rear of the building, ideal for electric vehicle charging capability. One of the standout features is the resurfaced 10-space private parking lot (2022)—a rare and valuable asset for commercial properties in this area. Two new commercial entry doors at the front and rear enhance accessibility. Situated in a prime location with strong car and foot traffic, this updated commercial building combines visibility, modern improvements, and parking—making it a smart investment or owner-occupant opportunity. Please contact Brett Munich for more information 440-539-2897.

Contact:

Keller Williams

Date on Market:

2026-02-19

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More details for 1820 Iowa Ave, Lorain, OH - Industrial for Sale

1820 Iowa Ave

Lorain, OH 44052

  • Parking Garage
  • Industrial for Sale
  • $2,549,300 CAD
  • 39,214 SF
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More details for 1302 Broadway, Lorain, OH - Retail for Sale

Kutza Building - 1302 Broadway

Lorain, OH 44052

  • Parking Garage
  • Retail for Sale
  • $303,160 CAD
  • 3,975 SF
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More details for 4900 Train Ave, Cleveland, OH - Industrial for Sale

4900 Train Ave

Cleveland, OH 44102

  • Parking Garage
  • Industrial for Sale
  • $1,033,500 CAD
  • 24,322 SF
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More details for 305 E Stroop Rd, Kettering, OH - Office for Sale

Free-Standing Office Building - 305 E Stroop Rd

Kettering, OH 45429

  • Parking Garage
  • Office for Sale
  • $315,562 CAD
  • 2,509 SF
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More details for East 11th Avenue – Multifamily for Sale, Columbus, OH

East 11th Avenue

  • Parking Garage
  • Multifamily for Sale
  • $2,967,936 CAD
  • 10,776 SF
  • 4 Multifamily Properties

Columbus Portfolio of properties for Sale - North Central

This is a rare opportunity to acquire a tightly clustered 11-unit portfolio in the heart of Columbus—plus a 10-space private parking lot—all located within a designated Opportunity Zone. The portfolio includes five total buildings: • One fully renovated brick quad (4 units) • Three duplexes fully renovated • One single-family home All properties are located within 1.5 blocks of each other, allowing for easy, centralized management. 11 of the 11 units have been fully renovated with high-end finishes—granite countertops, stainless steel appliances, modern flooring, and quality craftsmanship throughout. 10 of the 11 units are currently leased to long-term tenants, delivering immediate cash flow with minimal management friction. Located within the 270 loop and positioned in a high-growth rental corridor, this is a true turnkey-plus-value-add investment opportunity with potential tax advantages through Opportunity Zone benefits. Agent to agent remarks: For more information and detailed numbers, please reach out to the listing agent directly at (937)-935-0058 or coxsoldohio@gmail.com Title to be Amerititle Downtown, escrow agent Dawn Ponce dawn.ponce@ctt.com Do not disturb tenants, showings permitted only after accepted contract. Light expense load! Thanks to full renovations and the ease of self management, operating costs remain low.

Contact:

Real of Ohio

Property Subtype:

Multi Family

Date on Market:

2026-02-04

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More details for 136 US 42, Waynesville, OH - Office for Sale

136 US 42

Waynesville, OH 45068

  • Parking Garage
  • Office for Sale
  • $549,822 CAD
  • 2,592 SF
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More details for 1864-1870 Dayton Germantown Pike, Germantown, OH - Office for Sale

1864-1870 Dayton Germantown Pike

Germantown, OH 45327

  • Parking Garage
  • Office for Sale
  • $930,150 CAD
  • 6,122 SF
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More details for 16310 Lisbon St SE, Minerva, OH - Flex for Sale

16310 Lisbon St SE

Minerva, OH 44657

  • Parking Garage
  • Flex for Sale
  • $343,122 CAD
  • 8,000 SF
  • Fitness Center
  • Conferencing Facility
  • Controlled Access
  • Reception
  • Restaurant
  • Wheelchair Accessible

Minerva Flex for Sale - Stark County

HUGE 8000SQ FT SOLID BRICK BUILDING WITH 3 ACRES OF LAND IN QUIET PEACEFUL NEIGHBORHOOD NO ZONING!!! YOU CAN HAVE A BUSINESS AND YOUR RESIDENCE ALL IN ONE main area offers a beautifully remodeled diner/entertainment area with huge bar/counter space and large screen tvs and arcade area also there is a huge gymnasium with basketball court you can use for many uses there is 2 seperate bathrooms with multiple stalls in each large office area with storage and kitchen there is a partial basement with newer boiler heating very efficient upstairs are 2 large open concept rooms for a blank slate to do whatever your creative mind desires there is 4000sq ft of open space upstairs outside we have a full baseball field full basketball court, volleyball court, merry go round and lots of other slides, swings etc. there is a large carport on the property and huge parking lot for many vehicles this is the ultimate property for a large family or run a business and live in it there is no zoning so you can do whatever you chose to do here SO MANY OPTIONS TO DO WITH THIS PROPERTY LET YOUR IMAGINATION RUN WILD this was an active school until late 2023 so everything has been kept up with over the years and everything works as it should *NEW UPDATED GAS FURNACE ONLY 5 YEARS OLD ITS VERY EFFICIENT TO HEAT THE ROOF AND WINDOWS ARE ALL APROX 10 YEARS OLD AND IN GREAT SHAPE!!! NO ASBESTOS EVER!!! COME CHECK OUT THIS AMAZING PROPERTY only $270,000 THIS PROPERTY IS CENTRALLY LOCATED RIGHT ON RT.172 AND 183 JUST MINUTES FROM ALLIANCE LOUISVILLE SALEM LISBON MINERVA AND STRAIGHT SHOT TO CANTON ADDRESS IS: 16310 LISBON ST SE MINERVA, OH 44657 there is a partial basement with new gas boiler heating in 2020 very efficient upstairs are 2 large open concept rooms for a blank slate to do whatever your creative mind desires there is 4000sq ft of open space upstairs outside we have a full baseball field full basketball court, volleyball court, merry go round and lots of other slides, swings etc. there is a large carport on the property and huge parking lot for many vehicles this is the ultimate property for a large family or run a business and live in it there is no zoning so you can do whatever you chose to do here SO MANY OPTIONS TO DO WITH THIS PROPERTY LET YOUR IMAGINATION RUN WILD this was an active school until late 2023 so everything has been kept up with over the years and everything works as it should *NEW UPDATED GAS FURNACE ONLY 5 YEARS OLD ITS VERY EFFICIENT TO HEAT THE ROOF AND WINDOWS ARE ALL APROX 10 YEARS OLD AND IN GREAT SHAPE!!! NO ASBESTOS EVER!!! COME CHECK OUT THIS AMAZING PROPERTY only $275,000 THIS PROPERTY IS CENTRALLY LOCATED RIGHT ON RT.172 AND 183 JUST MINUTES FROM ALLIANCE LOUISVILLE SALEM LISBON MINERVA AND STRAIGHT SHOT TO CANTON ADDRESS IS: 16310 LISBON ST SE MINERVA, OH 44657 only $249,000

Contact:

Western Reserve Industries

Date on Market:

2026-01-02

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More details for 732 Corylus Dr, Pataskala, OH - Specialty for Sale

732 Corylus Dr

Pataskala, OH 43062

  • Parking Garage
  • Specialty for Sale
  • $3,301,550 CAD
  • 3,796 SF

Pataskala Specialty for Sale - Licking County

THE PERFECT TURN-KEY BUSINESS OPPORTUNITY! Start your own operation or expand your existing portfolio with this established and successful Car Wash, operating in the same location since 2004. County Fair Car Wash is now offered for sale - including business, equipment, land, and name. Situated on a 1+ acre tree-lined lot, this property enjoys excellent visibility in a high-density residential and commercial corridor, surrounded by shopping centers, apartments, condos, and single-family neighborhoods. Located just north of Broad Street in a rapidly growing area of Pataskala. The ~3,800 SF brick and block building is low maintenance and well designed, featuring three Wash Bays (two touchless and one soft-touch), all with heated floors, along with four outdoor vacuum stations and a coin changer. A spacious upper-level Office overlooks the operation and grounds, while the mechanical room is exceptionally clean and well maintained. Over $285,000 in upgrades and improvements (2020–2025) include, but are not limited to: new wiring for and RO system, pump motor, furnace fan, two air compressors, new brushes and blowers, new and heated concrete areas, 18 security cameras, cleaned pits (2025), LED lighting, and much more. The property also offers a large asphalt Parking Lot with designated spaces and is serviced by City of Pataskala utilities. A rare opportunity to own a proven, turn-key business in a prime and growing location! Southwest Licking schools. Only $2,395,900!

Contact:

RE/MAX

Property Subtype:

Car Wash

Date on Market:

2025-12-22

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More details for 1650 Morse Rd, Columbus, OH - Retail for Sale

Bank of America | A+ Credit | Long Term Lease - 1650 Morse Rd

Columbus, OH 43229

  • Parking Garage
  • Retail for Sale
  • $2,257,164 CAD
  • 4,350 SF

Columbus Retail for Sale - Westerville

OHIO BROKER OF RECORD .... MICHAEL HALONEN ... Edge Real Estate Group ... OH BRKP. 2008000166. Faris Lee Investments proudly presents a premier investment opportunity secured by a nationally recognized, investment-grade tenant—Bank of America (NYSE: BAC). With confirmed branch deposits exceeding $6.9 billion per FDIC.gov, this location represents a mission-critical branch within the Bank of America network and underscores the institution’s long-term commitment to the site. Bank of America is the second-largest banking institution in the United States, serving more than 69 million consumer and small business clients, maintaining an A+/Stable S&P credit rating, and carrying a market capitalization of approximately $388 billion (December 2025). The asset is secured by a long-term NNN ground lease, offering investors a passive, predictable, and management-free income stream. Under this structure, Bank of America is responsible for all building and site obligations—including the roof, HVAC, structure, parking lot, and landscaping—resulting in zero landlord responsibilities. The tenant has operated at this location since 2019, and the lease includes scheduled rent increases every five years, providing inflation protection, enhanced cash flow, and long-term value appreciation. Founded in 1904, Bank of America has grown into a global financial leader operating in more than 35 countries. The company pioneered industry milestones—including the creation of the first bank credit card in 1958 and the first coast-to-coast banking network in 1991. They expanded through transformational acquisitions such as Security Pacific, NationsBank, Fleet Boston, U.S. Trust, and Merrill Lynch. Today, more than 10% of all American bank deposits are held with Bank of America, reinforcing the tenant’s financial strength, scale, and essential role in the national banking system. Strategically positioned along the high-traffic Morse Road corridor, the property benefits from over 30,200 vehicles per day and immediate proximity to Interstate 71. The surrounding retail environment features major national brands such as Kroger, Menards, ALDI, McDonald’s, Chipotle, Taco Bell, and Wendy’s. The broader Columbus trade area—Ohio’s capital and largest city—offers a diverse economy in tech, logistics, and e-commerce. Also, home to The Ohio State University with more than 67,000 students, and is strategically located at the intersection of two (2) main US Interstates – I-70 & I-71. Ideally positioned within a strong demographic hub, the location draws from a population of over 348,000 within five miles, supported by an affluent three mile average household income of over $84,000.

Contact:

Faris Lee Investments

Property Subtype:

Bank

Date on Market:

2025-12-18

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More details for 4040 Montgomery Rd, Loveland, OH - Retail for Sale

B of A / Long Term Lease/ S&P Credit: A+ - 4040 Montgomery Rd

Loveland, OH 45140

  • Parking Garage
  • Retail for Sale
  • $4,102,306 CAD
  • 4,165 SF
  • Air Conditioning
  • Wheelchair Accessible
  • Smoke Detector

Loveland Retail for Sale - Mason/Montgomery

OHIO BROKER OF RECORD... MICHAEL HALONEN ... Edge Real Estate Group ... OH BRKP. 2008000166 Faris Lee Investments proudly presents a premier investment opportunity secured by a single-tenant NNN ground lease with Bank of America, located along the high-traffic retail corridor of Montgomery Road in Loveland, OH. This Bank of America branch serves as a critical strategic asset, identified as the bank’s sole physical presence within Warren County. This unique positioning makes the site an indispensable geographic linchpin for the bank’s federal Community Reinvestment Act (CRA) compliance, safeguarding the location against closure and ensuring long-term tenancy. Situated in a robust commercial hub with over 28,900 vehicles per day, the asset benefits from excellent visibility and high-profile neighboring co-tenancy including Costco, Target, and The Home Depot. Bank of America, a Fortune 500 company and an investment-grade credit tenant with an A+ S&P rating, offers exceptional stability for investors. As the second-largest financial institution in the U.S., Bank of America serves over 69 million customers worldwide, operating approximately 3,700 retail centers and more than 15,000 ATMs. The tenant has been successfully operating at this location since 2019, servicing a highly affluent client base with average household incomes exceeding $165,000. The absolute NNN ground lease structure creates a true passive investment; Bank of America is responsible for all property expenses, including roof, structure, parking lot, CAM, property taxes, and insurance, resulting in zero landlord responsibilities. The lease offers attractive, guaranteed revenue growth that acts as a hedge against inflation. The agreement features a scheduled fixed rental increase of 8% occurring in January 2029. Additionally, the lease structure includes 8 (5-year) renewal options, each featuring a 10% rent increase. These contractual escalations provide investors with a secure, rising yield over the holding period, enhancing the overall return on investment. Set on a 1.23-acre parcel, the property is intrinsically valuable due to its location within the heart of a premier Cincinnati suburb. The branch serves a dense and wealthy trade area, boasting a population of over 132,700 residents within 5 miles. This exceptional demographic profile supports a robust wealth management business model, ensuring strong demand for financial services and complementing the branch’s deposit base of $36.2M. With over 120 years of history and industry leadership, Bank of America remains the gold standard in American banking. This high-quality, ground-leased asset offers investors stable returns, income growth potential, and the security of a globally recognized tenant in a highly desirable Cincinnati location.

Contact:

Faris Lee Investments

Property Subtype:

Bank

Date on Market:

2025-12-10

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More details for 9605 Lorain Ave, Cleveland, OH - Multifamily for Sale

The LaVerne Apartments - 9605 Lorain Ave

Cleveland, OH 44102

  • Parking Garage
  • Multifamily for Sale
  • $1,652,222 CAD
  • 15,571 SF
  • Air Conditioning
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Smoke Detector

Cleveland Multifamily for Sale - Southwest

Green Bridge Real Estate is pleased to present the Recently Renovated and Stabilized, 17 Unit LaVerne Apartments located at 9605 Lorain Road in Cleveland’s West Boulevard Neighborhood, Cleveland, OH 44102 offered For Sale: $1,199,000 ($70,529 per unit). The LaVerne Apartments consists of 6 Two Bedroom, One Bathroom Suites, 9 One Bedroom, One Bathroom Suites and 2 Street Retail Units on .292 Acres. The three story, all brick, approx. 15,571 Sq.Ft. Mixed Use property was built in 1910. Currently 88% Occupied (15/17). The majority of units recently Fully Renovated in 2023 from stud condition with New framing; New Sub-Flooring; New Kitchens, New Bathrooms, New Flooring; New Roof in June 2021, & Security System with cameras. New Boiler (Steam) and Supply Lines installed in 2014 and refreshed in 2024; Newer Double Pane Vinyl Windows, Updated Lighting and Electric new panels and meters. All units have front and rear private entrances and rear decks were rebuilt with treated, composite decking material. Lead based Paint Certification received and on file with the City of Cleveland and is valid thru 2026. Tenant Paid Electric (Lights and Plugs). Landlord paid Heat, Hot Water, and Water / Sewer. Outstanding Turn-Key Investment with little to no deferred maintenance and needing very little management. The LaVerne Apartments are meticulously Managed by a Third Party for the ownership. There are hookups ready for a total of 2 sets of Washer and Dryers to provide additional income. The brand new, fenced, lit and secure, rear surface parking lot provides approx. 15 parking spaces. Projected Net Operating Income at 100% Occupancy at market rents w/6% Management Fee and Real Estate Tax Adjustment is $90,091 or a 7.51% Cap at the Asking Price of $1,199,000. The area has seen a huge upswing in development and increased rents throughout the area as supply for high end units has not been able to keep up with demand. Conversely, if the new ownership desires to increase gross revenues, the opportunity to accept “guaranteed” rent payments provided by Federal and State Funding for assistance to low income individuals (Section 8) exists. The potential exists to operate this complex as it currently is a “market” (no subsidy) property or to accept Housing Vouchers (Section 8) or a combination of both. This is a Fantastic Opportunity to purchase a stabilized asset in a Class A/B Westside Neighborhood with huge upside for a bargain price! LOCATION The LaVerne Apartments is located just blocks away from the Lakefront on the south side of the Edgewater neighborhood within the Northwest corner of the City of Cleveland, Cuyahoga County, Ohio. Specifically, the property is located on the south side of Lorain Avenue approximately one block South of Interstate 90. The property benefits from being three miles west of the Cleveland Central Business District. The Apartments are conveniently located in a neighborhood where you can walk to grocery stores, drug stores, library, RTA/Rapid station, Edgewater park for fishing/beach, and located near The Cudell Commons which offers Cleveland Residents an indoor pool, basketball courts, gym and workout / fitness space. The area has direct access to the interstate freeway system via Route 2, I-90, I-71 & I-77 with an entrance/exit point approximately one mile west of the property. Public transportation is also readily available within the neighborhood with a rapid transit station within walking distance. The Edgewater State Park is also located within the neighborhood. The park contains 131 acres of open space, a 900 foot long beach, boat ramp, pavilions, picnic areas, a yacht club and marina. Residents within the Edgewater neighborhood also benefit from easy access to shopping and services within the neighborhood.

Contact:

Green Bridge Real Estate

Property Subtype:

Apartment

Date on Market:

2025-11-25

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73-96 of 192