2525 Market Ave - Office FOR SALE


Cleveland, OH 44113
$1,500,000 USD
216-525-1488
2525 Market Ave, Cleveland, OH for Sale
$1,500,000 USD
Office - FOR SALE
1/13
null | Request Cap Rate

2525 Market Ave
Cleveland, OH 44113


HIGHLIGHTS

  • Unbeatable location in Ohio City with approximately 41 feet of frontage on both Market Avenue and Lorain Avenue.

OVERVIEW

For sale: 8,258 SF mixed use retail/office building in Ohio City. Unbeatable location in Ohio City with approximately 41’ frontage on both Market Avenue and Lorain Avenue. Located across the street from historic West Side Market. Turnkey restaurant space with outdoor seating space located on pedestrian only street (Market Avenue). Heavy foot traffic as well as 8,100 VPD along Lorain Avenue. Close proximity to new and current redevelopment of residential multifamily and commercial properties. Historic refurbished building with newer roof and updated finishes including HVAC units and new windows (2013), new EPDM roof and insulation, skylights, and downspouts (2019), and renovated common area restrooms on 2nd floor (2019). Steps from Great Lakes Brewing, Edda Coffee, and dozens of other retailers, bars and restaurants. Hood and ventilation system in-place. Close proximity to outdoor community space in Ohio City and Irishtown Bend, a 25 AC green space connecting Ohio City to the Cuyahoga River.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$182 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

LR

APN/PARCEL ID

003-38-032

ASK ABOUT THIS PROPERTY

David LebCushman & Wakefield | CRESCO Real EstateMore Info
216-525-1488

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David LebCushman & Wakefield | CRESCO Real EstateMore Info
216-525-1488

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