MLS#5208415
STATUSActive
PROPERTY TYPECommercial - Retail
SUBDIVISIONBrookview
SCHOOLParma City
Property Description
DON'T MISS THIS COMMERCIAL TRIPLE NET (NNN) ALL BRICK 2 STORY INVESTMENT!! This 2-story commercial property sits on one of Cleveland's highest traffic streets. Great visibility! This property boasts about $53,000 Gross Annual w/ 10.8% CAP. 2 suites w/ ~10,800 + sq feet retail/office and 3500+ sq feet open storage space in basement accessed by main floor unit and includes 6 off street parking spaces up front. This fully occupied turnkey investment is triple Net tenancy with $4,400 Mo/ $49,200 Annual Income. This low - to no maintenance asset is prime to add value and cash flow w/ no management and/or low maintenance to your portfolio. 1st Floor - Occupants: Main Floor - established Tabacco and Vape Retailer - 5-year lease (has been in business for 10 + years and uses the space for warehousing only. 2nd Floor occupant - A well established and growing commercial photography / digital imaging company. (Lease has 2 years left) - Property Taxes - $3,743 - Insurance - $1,734 Annually Each occupant has the balance of their lease with 5 and 2-year options respectively. No Delinquencies or back rents. Tenants pay for all utilities and maintenance. Deposits in escrow for all units.
Property Features
Property Type: Commercial - Retail
Basement: Full, Concrete, Unfinished
Basement: Yes
Heating: Forced Air
Lot Size: 0.11 Acres
Roof Type: Asphalt, Rolled/Hot Mop
Stories: 3.0
Taxes: $3,535 / year
Year Built: 1955
Feature Descriptions
Building Features: Private Restrooms
Days on Site: 2
Parcel#: 445-01-036
Parking: Concrete, On Site, Paved, Parking Lot, Private
Sewer: Public Sewer
Units: 2
Water: Public
Local Schools
School District: Parma City
Listed By / Shown By
Listed By
Agency Name: Keller Williams Citywide
Agency Contact: jmatheos@kw.com, 440-847-9033
Shown By
Agent Name: Stephanie Sayles
Agent Phone: Cell: (330) 284-7498
Agency Title: Key Realty
Stephanie Sayles
Cell: (330) 284-7498
Email Me
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2221 Brookpark Road | MLS# 5208415
This commercial property located at 2221 Brookpark Road, Parma, OH 44134 is currently listed for sale with an asking price of $439,000. Brookpark Road is located within the Parma City school district. Search Parma real estate on www.soldbysayles.com today.