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The Exeter Building 16903 Fischer Rd 5,100 SF 100% Leased Office Building Cleveland, OH 44107 $430,000 ($84.31/SF) 8.56% Cap Rate
EXECUTIVE SUMMARY
Introducing **The Exeter Building**, a well-maintained and character-rich 1929 brick office building located in Cleveland’s highly desirable West Park neighborhood, just across from Lakewood. This iconic and beloved property features six total office suites, including two expansive second-floor units—each approximately 1,100 square feet—offering two private offices, a large reception or meeting room, full kitchen and dining area, private full bath, and generous storage. The main level includes four individual suites of various sizes, each with its own private bath. The building retains much of its original charm and architectural detail, while key infrastructure improvements have been thoughtfully made, including new windows at the rear (double-hung on the second floor, glass block on the first), new skylights, a 2” spray foam roof with slate ice guard and eave heaters (2018), and two new boilers (2022) serving seven heating zones, each with an individual thermostat. Each unit has its own electric panel, meter, and window A/C unit. Additional features include three waterproofed basements with new drain tile and a private 9-car parking lot in the rear. Located just off Rocky River Drive, minutes from I-90 and Downtown Cleveland, this is a rare opportunity to own a landmark building with enduring character and strong investment or owner-occupant potential. Call today for more information or to schedule a private showing.
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PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
5,100 SF
Building Class
C
Year Built
1927
Price
$430,000
Price Per SF
$84.31
Cap Rate
8.56%
NOI
$36,808
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,550 SF
Building FAR
0.81
Lot Size
0.14 AC
Zoning
LR - Office/Retail/Store
Parking
10 Spaces (1.96 Spaces per 1,000 SF Leased)
AMENITIES
- Storage Space
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PROPERTY TAXES
| Parcel Number | 024-04-002 | Improvements Assessment | $80,290 |
| Land Assessment | $9,975 | Total Assessment | $90,265 |
PROPERTY TAXES
Parcel Number
024-04-002
Land Assessment
$9,975
Improvements Assessment
$80,290
Total Assessment
$90,265
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The Exeter Building | 16903 Fischer Rd
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