Commercial Real Estate for Sale at 2103 St Clair Avenue Ne in Cleveland, OH for $230,000

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2103 St Clair Avenue NE | Cleveland

$230,000 | 0.0 Sq. Ft.

OPPORTUNITY OVERVIEW\r\n\r\nRare opportunity to acquire a character-rich, two-story brick building on Cleveland\u0027s St. Clair Avenue NE corridor \u2014 a near east side commercial and residential strip with proven short-term rental demand and active adaptive reuse momentum.\r\n\r\nThe seller previously operated the building as a short-term rental generating approximately $4,000/month in gross Airbnb revenue, demonstrating real lodging demand on this corridor. One unit is currently rent-ready for immediate occupancy or STR re-activation; three units are in value-add condition, offering a buyer the opportunity to build equity through targeted finish work.\r\n\r\nWith 6,002 SF across two floors plus a partial basement, this asset supports multiple exit strategies: continue as a short-term rental operation, convert to 4\u20136 long-term residential units, or reposition as a mixed-use ground-floor commercial / upper-floor residential property.\r\n\r\nINVESTMENT HIGHLIGHTS\r\n\r\n\u2022 Proven STR demand \u2014 seller-reported ~$4,000/month gross Airbnb income prior to vacancy\r\n\u2022 1 rent-ready unit at closing \u2014 immediate partial income path, reduces day-one carry\r\n\u2022 3 value-add units \u2014 finish work creates equity upside priced into ask\r\n\u2022 Multifamily conversion candidate \u2014 6,002 SF supports 4\u20136 residential units\r\n\u2022 Brick construction \u2014 durable asset with character that commands a premium on the rental market\r\n\u2022 Walk Score 83 \u2014 walkable corridor with restaurants, retail, and transit within steps\r\n\u2022 Strong renter demographics \u2014 median age 29, 74.8% renter-occupied within 1 mile\r\n\u2022 No major structural issues \u2014 cosmetic and finish deferred maintenance only\r\n\u2022 Flexible use positioning \u2014 STR continuation, long-term residential, or mixed-use MLSNow 5225028 Directions to property: St. Clair and East 21st Street

MLS Listing ID: 
MLSNow 5225028
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$230,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Mixed Use
Primary Market Area: 
Cleveland
Address: 
2103 St Clair Avenue NE, Cleveland, OH 44114
County: 
Cuyahoga
Latitude: 
41.5093690
Longitude: 
-81.6799380
Directions: 
St. Clair and East 21st Street
Public Remarks: 
OPPORTUNITY OVERVIEW\r\n\r\nRare opportunity to acquire a character-rich, two-story brick building on Cleveland\u0027s St. Clair Avenue NE corridor \u2014 a near east side commercial and residential strip with proven short-term rental demand and active adaptive reuse momentum.\r\n\r\nThe seller previously operated the building as a short-term rental generating approximately $4,000/month in gross Airbnb revenue, demonstrating real lodging demand on this corridor. One unit is currently rent-ready for immediate occupancy or STR re-activation; three units are in value-add condition, offering a buyer the opportunity to build equity through targeted finish work.\r\n\r\nWith 6,002 SF across two floors plus a partial basement, this asset supports multiple exit strategies: continue as a short-term rental operation, convert to 4\u20136 long-term residential units, or reposition as a mixed-use ground-floor commercial / upper-floor residential property.\r\n\r\nINVESTMENT HIGHLIGHTS\r\n\r\n\u2022 Proven STR demand \u2014 seller-reported ~$4,000/month gross Airbnb income prior to vacancy\r\n\u2022 1 rent-ready unit at closing \u2014 immediate partial income path, reduces day-one carry\r\n\u2022 3 value-add units \u2014 finish work creates equity upside priced into ask\r\n\u2022 Multifamily conversion candidate \u2014 6,002 SF supports 4\u20136 residential units\r\n\u2022 Brick construction \u2014 durable asset with character that commands a premium on the rental market\r\n\u2022 Walk Score 83 \u2014 walkable corridor with restaurants, retail, and transit within steps\r\n\u2022 Strong renter demographics \u2014 median age 29, 74.8% renter-occupied within 1 mile\r\n\u2022 No major structural issues \u2014 cosmetic and finish deferred maintenance only\r\n\u2022 Flexible use positioning \u2014 STR continuation, long-term residential, or mixed-use
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
City/Cleveland
Building Details
Details about the building on a property.
Year Built: 
1900
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.09
Lot Size (Area): 
0.09
Public Record
Parcel Number: 
102-09-094
Annual Tax: 
$4,600.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Russell Real Estate Services

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