1893 E 55th St - Manufacturing FOR SALE


Cleveland, OH 44103- Hough
$1,199,000 USD
216-906-2414
1893 E 55th St, Cleveland, OH for Sale
$1,199,000 USD
Manufacturing - FOR SALE
1/16
null | Request Cap Rate

1893 E 55th St
Cleveland, OH 44103
Hough


HIGHLIGHTS

  • Close proximity to major interstates: I-90, I-77, and I-490.
  • Two stories of warehouse space with ample room for racks.

OVERVIEW

Ideal for businesses seeking high-quality cold storage, this 31,158-square-foot property—27,464 square feet of which are industrial and 3,694 square feet of which are office—is offered at a lease rate of $7.00/SF NNN or an asking price of $1,199,000. It features five walk-in refrigerators/coolers (auto-set at 35 degrees and capable of going as low as 32 degrees): Cooler 1 at 1,290 SF, Cooler 2 at 541 SF, Cooler 3 at 541 SF, Cooler 4 at 1,458 SF (including a 240 SF internal freezer), and Cooler 5 at 152 SF. The owner user has invested $1.25M in improvements such as upgraded electrical systems, an internal dock, and a new roof. The building, renovated in 2018 and constructed with masonry, includes two stories of warehouse space, two internal docks with levelers, one drive-in door, and a clear height of approximately 13 feet (varies throughout) with 18’x18’ column spacing. Additional highlights include fluorescent lighting, forced air heat, HVAC in the office area, and 480V/3-phase power. Situated on 0.62 acres and zoned Light Industrial, the property also offers easy access to I-90, I-77, and I-490—making it an excellent choice for businesses requiring both cold and dry storage in a prime location.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$38 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

UTILITIES

Lighting - Fluorescent

CLEAR CEILING HT

13 Ft

DOCKS

2

DRIVE INS

1

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.62

LAND SF

27,007

ZONING

SI

APN/PARCEL ID

118-01-036

ASK ABOUT THIS PROPERTY

Eliot KijewskiCushman & Wakefield | CRESCO Real EstateMore Info
216-906-2414

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Eliot KijewskiCushman & Wakefield | CRESCO Real EstateMore Info
216-906-2414

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