4755 Pearl Road, Cleveland, OH 44109

$500,000
23,046
SqFt

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Sold Price
$500,000
List Price
$560,000
Status
CLOSED
MLS#
4481450
Year Built
1956
Closing Date
Apr 26, 2024
Living Area
23,046
Region
Cleveland
Township
Cleveland
Subdivision / Building
Brooklyn

Property Description

This is a unique opportunity to own a large income producer in an up and coming area . The building was previously ran as a 40 unit hotel. Currently the building is vacant. Some demo work has been started to convert the units into 29 apartments, All of the units have been gutted. A large retail building is also located on the property. This building is large enough to host a laundromat, restaurant, gym, party room or a combination of all. Three parcels are included adding up to 1.30 acres. Plenty amount of parking space plus two large garages and even an area that would be great for a dog park. Located minutes to downtown, major hospitals, shopping, great restaurants and all major freeways. New roof (tear off) was installed along with exterior lighting. Owner willing to offer creative financing.

Additional Information

Taxes
$8,288
Acres
1.30
Roof
Asphalt, Fiberglass
School District
Cleveland Municipal - 1809

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Listing Courtesy of: Clorice L Dlugos, cloricedlugos@gmail.com With McDowell Homes Real Estate Services

Selling Office: Keller Williams Greater Metropolitan.

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