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$ 1,500,000
Est. payment /mo
New
801 Literary RD Cleveland, OH 44113
1,981 Sqft Lot
UPDATED:
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
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 004-16-071
Listed by TJ House • Berkshire Hathaway HomeServices Professional Realty • Tjhousecle@gmail.com, 216-978-5632
