216-839-2032
1048-1052 Old River Rd, Cleveland, OH for Sale
Restaurant - FOR SALE
1/2
null | Request Cap Rate

1048-1052 Old River Rd
Cleveland, OH 44113
East Bank Flats


HIGHLIGHTS

  • ICONIC INCOME-PRODUCING WATERFRONT OPPORTUNITY IN THE FLATS OF DOWNTOWN CLEVELAND
  • Terrific value-add opportunity for the astute investor. The most important waterfront property offered in Cleveland in over a generation
  • This is a rare pair of Class A commercial/retail buildings that have over 51,000 gross
  • Designed and constructed by Cleveland Developer Scott Wolstein at an estimated cost of over $21 Million in 2020
  • The finishes are world class and will command the highest potential future income
  • Currently 70% occupied with strong income. Potential gross income at 100% occupancy should exceed $1.2 million

OVERVIEW

REAL ESTATE AUCTION, THURSDAY FEB 20 at 11:00 AM ON-SITE RECEIVERSHIP ORDERS IMMEDIATE SALE On-Site Inspections: Thursdays, January 23, 30 & February 6 from 1:00-2:30 PM For Brochure & Terms call Mike Berland or David Wagner at 216-861-7200.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Iconic Income-Producing Waterfront Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,213 SF

ZONING

-

APN/PARCEL ID

101-11-016,101-11-017

ASK ABOUT THIS PROPERTY

Mike BerlandHanna Commercial Real EstateMore Info
216-839-2032

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Mike BerlandHanna Commercial Real EstateMore Info
216-839-2032

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.