6318 Lorain Ave - Loft/Creative Space FOR SALE


Cleveland, OH 44102- Detroit-Shoreway
$95,000 USD
216-258-4273
6318 Lorain Ave, Cleveland, OH for Sale
$95,000 USD
Loft/Creative Space - FOR SALE
1/1
null | Request Cap Rate

6318 Lorain Ave
Cleveland, OH 44102
Detroit-Shoreway


HIGHLIGHTS

  • High ceilings and original architectural details, including hardwood floors (under carpet) and a fireplace.
  • High-traffic, highly visible location along Lorain Avenue.

OVERVIEW

Check out this amazing opportunity. This former home turned commercial property (circa 1920) in Cleveland’s Eco Village enclave is primed for redevelopment. Restore the hardwood floors beneath the carpet, activate the original fireplace and remake this structure to launch your next venture. Tons of space here with high ceilings. Property currently offers dual access from Lorain Avenue and Aspen Court off W 65 St. that dumps into a large parking lot on the north side of the structure. The adaptive reuse options are numerous here including mixed-use residential, live/work space, boutique office, medical, restaurant (think Larchmere Boulevard:-), bed-n-breakfast or small inn and more! The high traffic location is prime territory as the redevelopment of the Lorain Avenue Commercial Historic District has now pushed west of the RTA Redline station at W. 61st Street & Lorain Ave. Newest additions to the merchant landscape include Visible Voice Books, MetroHealth Ohio City Health Center, Imposters Theater, Cents Pizza, Green Wave Café, The Judith and Mistake by the Lake Records. Cleveland’s Midway plan is in the works as well and would not only enhance the natural and aesthetic environment on corridor but also improve safety for people walking, riding a bike, driving, or taking the bus on Lorain Avenue between W. 20th & W. 65th Streets. Superb transit, walk and bike-ability. Minutes from Edgewater Park, Gordon Square Arts and Market Square Districts, and steps away from the newer Redline Greenway trail that stretches to Rivergate Park and the Towpath Trail in Tremont. Make your move and secure a part of Cleveland’s future now!

FOR SALE DETAILS

PRICE

$95,000 USD

PRICE/SF

$31 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

LR

APN/PARCEL ID

002-27-005

ASK ABOUT THIS PROPERTY

Michael RastatterHoward HannaMore Info
216-258-4273

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Michael RastatterHoward HannaMore Info
216-258-4273

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