2831 Franklin Boulevard, Cleveland, OH 44113
sale
$5,000,000
|
Mixed Use
Courtesy Of HomeSmart Real Estate Momentum
Incredible investment opportunity with reliable and immediate cash flow per climbing gym lease. This historic Masonic Temple, 29,000+ square feet has been repurposed as a highly acclaimed rock climbing gym with a 54 ft high rooftop atrium. Stabilized gyms of this size and quality should generate over $1 mm in EBITDAR, representing a tremendous upside. Located in the heart of Ohio City. Ohio City has had recent development in high end luxury townhomes and apartments. Housing demand is on an increase in this area as well as storefront vacancy decreasing from 34% to 2% in the last 3 years. Additional commercial space includes; (unfinished) commercial kitchen/dining area with private entrance or a (speakeasy), (partial finish) gym space, (finished) yoga/cycle studio, finished and unfinished office space. Reach out for a private tour and additional information!
Read More About This Property
Read Less About This Property
Copyright © 2023 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Virtual Tour
Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Central A/C
- Heating Fuel: Natural Gas
- Heating System: Forced Air
- Legal Description: VOL 373 PG 5 S/L PCL A FF 233.66 D 172.16 0.6671 AC OL 51 ASSOCIATED PARCEL 00332004 DESCRIPTION CHANGE 2014 SR
- MLSID: 4485607
- Roof Type: Asphalt
Data powered by Attom Data Solutions. Copyright© 2023. Information deemed reliable but not guaranteed.
You may also be interested in...
sale
$6,500,000
Other
4010 E 116th Street
Cleveland, OH 44105
Land: 13.23 Acres
Courtesy Of Greater Cleveland
sale
$4,300,000
Special Purpose
4900 Whiskey Island Drive
Cleveland, OH 44102
Courtesy Of Platinum Real Estate Professionals, LLC
sale
$4,200,000
Apartment
1581 Coventry Road
East Cleveland, OH 44118
Land: 1.22 Acres
Courtesy Of Berkshire Hathaway HomeServices Professional Realty
sale
$3,950,000
Apartment
1734-1750 W 28th Street
Cleveland, OH 44113
Courtesy Of EXP Realty