1048-1052 Old River Rd - Restaurant FOR SALE
Cleveland, OH 44113 |
1048-1052 Old River Rd
Cleveland, OH 44113
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
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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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
33000
STORIES
3
YEAR BUILT
2022
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
101-11-016,101-11-017
