2102 Freeman Ave - Bar FOR SALE


Cleveland, OH 44113- Tremont
$1,300,000 USD
216-306-5840
2102 Freeman Ave, Cleveland, OH for Sale
$1,300,000 USD
Bar - FOR SALE
1/26
null | Request Cap Rate

2102 Freeman Ave
Cleveland, OH 44113
Tremont


OVERVIEW

Flower on Freeman | Turnkey Bar + Short-Term Rental Opportunity A rare opportunity to acquire a fully outfitted hospitality property in Cleveland’s sought-after Duck Island neighborhood, combining a distinctive bar and entertainment concept with two studio-style Airbnb accommodations. Offered as an asset purchase, Flower on Freeman is positioned as a turnkey operation with significant investment already made in the property’s kitchen, bar, furnishings, décor, technology, guest accommodations, and outdoor experience. The bar is designed as a highly curated destination with a custom-built back bar, marble bar top, cocktail tables, vintage upholstered seating, banquette seating, custom lighting, a statement mural, original artwork, a neon sign, sound system, security cameras, and an extensive collection of decorative elements. The commercial kitchen is equipped with a convection oven, induction burners, coolers, sinks, prep and mop sinks, three-compartment sink, bar cooler, ice bins, and ice machine. The property also includes two furnished studio accommodations, each outfitted with kitchen appliances, cookware, beds, linens, towels, televisions, and laundry facilities. Additional guest-focused amenities include a bidet, outdoor seating, planters, high-top tables, waiting table, and outdoor heating elements. With a liquor license, kitchen equipment, bar equipment, furnishings, décor, technology, guest accommodations, and operating inventory included in the asset package, Flower on Freeman offers an incoming operator the opportunity to step into an established hospitality concept rather than starting from the ground up.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$793 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

Apartments, Retail

APN/PARCEL ID

004-03-087

ASK ABOUT THIS PROPERTY

Robert OritiThe AgencyMore Info
216-306-5840

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Robert OritiThe AgencyMore Info
216-306-5840

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