1820 E 30th St - Sports and Entertainment FOR SALE


Cleveland, OH 44114
$1,690,000 USD
216-276-1626
1820 E 30th St, Cleveland, OH for Sale
$1,690,000 USD
Sports and Entertainment - FOR SALE
1/73
null | 16.46% Cap Rate

1820 E 30th St
Cleveland, OH 44114


OVERVIEW

Now is the time to grab this incredible opportunity to own The Euphoria Restaurant & Oxygen Lounge! This popular sports & restaurant complex offers a lively atmosphere of entertainment just blocks away from Cleveland State University! With almost 70,000 sq. feet, this venue has a 16 lane bowling alley with updated scoring boards, comfortable team/group seating areas, shoe rental and an entire second floor of spare parts. There is a full service restaurant with tall tables, cozy booths, couch seating, a full service bar with 17 seats and a well lit bandstand/stage and dance floor. To set the mood, there are sleek slim wall mounted electric fireplaces with glimmering effects. The full service kitchen is well equipped and has plenty of prep room, storage room and multiple coolers. Behind the long bar is plenty of work space, triple basin sinks and storage cabinets. Deliveries are easy to maintain through the back dock off the spacious parking lot and there is a washer & dryer in the garage as well. The massive second floor was once long ago a second bowling alley and now contains many spare parts for any future repairs. Owner envisions the second floor as a massive entertainment venue or expansion of the first floor restaurant/bar or possibly several apartments! Purchase includes the liquor license and all operating businesses with inventory. Property has a parking easement for use of neighboring lot. This is the perfect chance to become a premier destination as part of the excitement and popularity of downtown Cleveland's social scene. Currently operations net nearly $300K before taxes!

FOR SALE DETAILS

PRICE

$1,690,000 USD

PRICE/SF

$41 USD /SF

CAP RATE

16.46%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Euphoria Restaurant & Oxygen Lounge

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1934

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Seth TaskBHHS Professional RealtyMore Info
216-276-1626

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Seth TaskBHHS Professional RealtyMore Info
216-276-1626

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