2311 E 55th St, Cleveland, OH, 44104

Highlights

• - 11,300 SF building with 3 units
• - Built in 1920
• - Zoned GR
• - Ideal for retail/street retail
• - Corner location for high visibility
• - High traffic area for maximum exposure
• - Close proximity to major thoroughfares
• - Diverse tenant mix potential
• - Opportunity for value-add improvements

Description

Unique investment opportunity with this 11,300 SF property includes 1500 SF of retail store front with attached 3-story residential dwelling adjacent to large warehouse. All structures in need of renovation. Owner has made significant improvements that include new roof on the residential dwelling, new 2" waterline service for the entire complex, tuck pointing/reinforcement of masonry chimneys, removal of debris/refuse from buildings, and installation of new concrete along E. 55th Street. Improvements to date in excess of $150,000 is cost. Future possible plans include store front retail use, multi-family apartments, and warehousing. New developments and renovations are currently occurring in the Midtown neighbor. Adjacent to historical church on corner of Central and E. 55th that could be re-purposed for residential use.

Located on the southeast corner of W. 43rd Street and West Avenue just north of SR 20 on West Avenue. Discover
the vibrant and dynamic location of this Cleveland property. Nestled in a bustling neighborhood, the area offers a rich tapestry of amenities and attractions. Just moments away, explore the renowned Cleveland Museum of Art, Wade Oval Park, and nearby cultural institutions. With convenient access to public transportation and major thoroughfares, the location provides excellent connectivity for professionals. Enjoy eclectic dining options, green spaces, and a thriving business community. Take advantage of the diverse array of shopping and entertainment opportunities nearby. This prime location is an ideal choice for investors seeking a strategic foothold in the heart of Cleveland's commercial hub.

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