Type: Company
Price: $1,050,000
Location: Cleveland, Ohio
Address: 11219 Detroit Avenue, Cleveland, OH, 44102
Zip: 44102
Size: 5705 square feet
Property size: 7406 square feet
Condition: Used
For sale by: Broker
Agent: Teri Chmielewski
The Bar is offered separately at $500,000 based on 2022 gross receipts of $534,000, confirmed by the Clover POS.
The building will not be sold separately. Based on a $650,000 valuation, the cap rate is 7.17%, calculated by dividing the NOI of $46,588 by $650,000. The rent and expenses are actual from 2022, not proforma. As is obvious, there