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2078 S Taylor Road, Cleveland Heights, OH 44118

$399,999
Active for Sale
 
Listing ID 11641323
Property Type Commercial
County Cuyahoga
Township Cleveland Heights
Total Tax $6,401
Tax ID 687-05-060
FEMA Flood Map fema.gov/portal
Year Built 1947
Virtual Tour
Terrific opportunity for investor or owner-operator. Use the available unit as your blank canvas for a new business with a tenant already in place in the smaller unit. Two-unit storefront in high-density area with a significant traffic count. Small unit is currently rented at $1200/mo, while larger storefront was restaurant renting at $3500/mo before exiting. Grossed $56,400/year in rent, with a cap rate of 9.6% make this a safe investment. Surface parking in rear. Close to major retail developments, as well as new residential development. Stable area with average household incomes of $124k within the 1 mile radius. Rare opportunity.
Property Details
  • 0.13 Acres
  • Built in 1947
  • 1 Story
  • 2 Units
  • Slab Basement
Interior Features
  • Forced Air
  • Central A/C
Exterior Features
  • Rubber Roof
  • Community Water
  • Community Septic
  • Subdivision: Meadowbrook
Commercial Info
  • Uses: Hobby,Restaurant
  • 8.00% Cap. Rate
Income/Expenses
  • Net Income $38,353
Taxes and Fees
  • $6,401 Total Tax
  • Tax Year 2025
Listed By
Howard Hanna
Office: 216-721-1210
Listing data is deemed reliable but is NOT guaranteed accurate.
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