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Retail and Multi-Family Building for Sale in Lakewood, Ohio

Listing was updated at: 11/27/2018
Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio Retail and Multi-Family Building for Sale in Lakewood, Ohio

Property Overview

Price/Rent PSF $ 390,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 7,665
Date Available 11/27/2018
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Description

Location
Corner of Franklin Blvd. and Newman Avenue. Just over a block from W. 117th.

Sale
This well maintained, owner-occupied, mixed-use, brick building is at the corner of Franklin and Newman. Located one block from the new Rockport Square development and just over a block from W. 117th , it is in walking distance of many of the city’s amentities. The building has four large single apartments with a living room, dining room, kitchen, bedroom, a large built-in linen cabinet and bath. All apartments have front porches. The fifth apartment has two bedrooms. The Omega Cuts Hair Salon, located on the first floor of the building has been a fixture in Lakewood for over 20 years and intends to remain. The salon features a large open area with multiple hair stations. It boasts a tin-tile ceiling with intricately hand-painted crown molding with both relief and sculptural elements. There is a kitchen associated with the salon and an office. The office has a marble floor, a marble chair rail, and fluted columns in addition to the tin-tile ceiling with crown molding.
A large basement with coin operated laundry facilities and storage units is located under the apartments. Under the salon there is a separate basement which can be used for offices or a workshop.
A garage and parking spaces are located behind the building. There is additional on street parking.
For investors, this is an opportunity to purchase and start collection rents immediately.

Location

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