4367 Rocky River DriveCleveland, OH 44135

4367 Rocky River DriveCleveland, OH 44135

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$585,900 Active
Commercial - Business MLS 5216323
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Listed By

Agency Name: Berkshire Hathaway HomeServices Professional Realty
Agency Contact: chrissy@bhhspro.com, 216-317-3463

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Exceptional investment opportunity in Cleveland's highly sought-after Kamm's Corners district. Ideally positioned just 2 miles from Cleveland Hopkins International Airport, this fully occupied office building offers immediate cash flow with four renovated office suites, all secured by long-term tenants. Designed for passive ownership, the property has been well maintained with improvements completed within the last five years, including a new roof, updated windows, carpeting, and AC system. Ample on-site parking in both front & rear lots with 34 parking spaces, along with adjacent street parking, provides convenience for tenants and visitors alike. With strong visibility, a proven occupancy history, and an attractive 11% cap rate, this turnkey asset presents a rare opportunity to acquire a stabilized income-producing property in one of Cleveland's most desirable commercial corridors.

4367 Rocky River Drive | MLS# 5216323

This commercial property located at 4367 Rocky River Drive, Cleveland, OH 44135 is currently listed for sale with an asking price of $585,900. Rocky River Drive is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 536austindriveunitf.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Cooling: Electric
Days on Market: 8
Heating: Forced Air
Lot Size: 0.48 Acres
Roof Type: Asphalt
Stories: 1.0
Taxes: $12,958 / year
Year Built: 1973

Feature Descriptions

Parcel#: 027-12-005
Parking: On Site, Paved, Parking Lot
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 4367 Rocky River Drive, Cleveland, OH 44135
Fips
Fips Code 39035
Population
2020 to 2025 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2025 Estimate (V2025) 1,232,925
2020 Estimate (V2025) 1,264,775
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 20.1%
18 to 64 54.2%
65 and Older 20.5%
Gender
Male 48.0%
Female 52.0%
Place of Birth
Foreign 7.7%
US 92.3%
Education
High School Graduate, Age 25+ 91.5%
Bachelor's Degree or Higher, Age 25+ 36.5%
Computer and Internet use
Households with a computer 94.0%
Households with a broadband Internet subscription 89.5%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 54,264
Income
Per Capita Income $42,747
Median Household Income $64,468
People in Poverty 14.9%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 554,551
Average Household Size 2.20
Owner-Occupied 59.4%
Multi-Family 34.9%
Owner-Occupied Median Value $195,400
Median selected monthly owner costs -with a mortgage $1,570
Median selected monthly owner costs -without a mortgage $671
Median gross rent $1,060
Building Permits
New Private Housing Issued 2024 1,685
Years at Residence
1 Year or More 86.7%
Less Than 1 Year 13.3%
Business and Employment
Private non-farm Establishments 31,496
Private non-farm Employment 681,543
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 110,977
Number of Firms 23,160
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

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