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Tom Garuccio

tom@garucciogroup.com +1(440) 754-7449

$ 1,500,000

Est. payment | -/mo

1,981 Sqft Lot

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$ 1,500,000

Est. payment | -/mo

Save

1,981 Sqft Lot

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5162994

HOA Y/N No

Year Built 1913

Annual Tax Amount $24,708

Tax Year 2024

Lot Size 1,981 Sqft

Acres 0.0455

Property Sub-Type Retail

Property Description

This is more than just a property, it's your next big move in Cleveland's iconic Tremont neighborhood. Located in the heart of all the action, this dynamic mixed-use building is primed for serious return on investment. Currently split into a trendy second floor apartment and a fully operating hair salon on the first, this space is ready to flex. With existing HVAC already split three ways, converting into three distinct residential units is a breeze. The salon on the main level is dialed in with six stations, a bathroom, and its own kitchen/lounge area. Want to maximize cash flow? With just a few tweaks, the rear of the salon can transform into a stylish one bedroom unit with a full kitchen, bath, and laundry. Upstairs, you'll find a gorgeous loft style apartment oozing with modern industrial vibes. Think high ceilings, sleek finishes, 3 bedrooms, 3 baths, a killer kitchen, laundry room, and a chill living space, it's the perfect blend of function and style. And it gets even better on the third floor, a luxurious primary suite with heated bathroom floors and jaw dropping views of downtown Cleveland from not one, not two, but three private balconies. Full lot in back comes with building. The numbers don't lie: the salon pulls in $2,892/month, and the apartment brings $3,914/month, both with built-in 3% annual rent increases. Whether you're a savvy investor looking for multi stream income or a house hacker aiming to live stylishly while your property helps pay for itself, this is your chance to get into Tremont while it's hot. Don't sleep on this, opportunities like this don't come around often. New Business taking over downstairs on January 1st, 2026 - more information in Private Remarks

Location

State OH

County Cuyahoga

Rooms

Basement Full, Partially Finished, Storage Space

Interior

Heating Forced Air, Fireplace(s)

Cooling Central Air

Fireplaces Type Gas

Fireplace Yes

Exterior

Parking Features Concrete

Water Access Desc Public

Roof Type Asphalt,Shingle

Present Use Commercial

Total Parking Spaces 4

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 004-16-071

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by TJ House • Berkshire Hathaway HomeServices Professional Realty • Tjhousecle@gmail.com, 216-978-5632

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(440) 754-7449

tom@garucciogroup.com

801 Literary RD Cleveland, OH 44113