14320 Puritas AveCleveland, OH 44135

For Sale
$194,999

High-traffic retail space with apartment.

Overview

Added:
Feb 3
Days on market:
38
This well-maintained, free-standing retail building at 14320 Puritas Avenue in Cleveland, Ohio, presents a compelling investment opportunity. The property boasts 1,040 square feet of retail space, complemented by a one-bedroom apartment situated above. Recent improvements include roof maintenance completed in 2020, newer windows, and upgraded electrical systems, minimizing immediate maintenance needs. The building benefits from ample on-site parking, ensuring convenient access for both customers and residents. Its prime location offers excellent street exposure and high traffic volume, maximizing visibility and potential customer reach. Currently, rental income is below market value due to owner occupancy of the retail space and the apartment, which commands a maximum of approximately $800 per month in the area. The 0.26-acre lot provides additional flexibility and potential for future expansion or development. This property is ideal for an owner-operator seeking a blend of income generation and personal use, or for an investor looking for a value-add opportunity with potential for increased rental income. The combination of a strong location, recent updates, and the inclusion of a residential unit makes this a unique and attractive investment prospect in the Cleveland market.

Property Details for 14320 Puritas Ave

Property type
Retail properties, Other retail properties
Square Feet
1,040 SF
Year Built
1949
Lot Size (sq. ft)
11,326 SF

Location Insight

City
Cleveland
County
Cuyahoga
State
Ohio
Latitude
41.4338
Longitude
-81.79483
14320 Puritas Ave, Cleveland, Ohio

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14320 Puritas Ave
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