2140 Lee Rd | Cleveland Heights, OH 44118
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- LoopNet Team
2140 Lee Rd
Cleveland Heights, OH 44118
Douglas Building · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- VALUE ADD PLAY - With 48% of all leases expiring or on MTM terms, a savvy investor can come in and raise rents or remove about half the building.
- POTENTIAL LARGE-SCALE REDEVELOPMENT - The asset is positioned in one of the densest pockets in all of Ohio.
- DESIRABLE SUBMARKET - The Douglas Building benefits from its excellent location on Cedar and Lee Road with average traffic counts of 22,000.
- WELL BELOW REPLACEMENT COST – The Property is being offered well-below replacement cost.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
25,660 SF
Building Class
C
Year Built/Renovated
1925/1962
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.10
Lot Size
0.54 AC
Zoning
C2-X - Zoned for Retail and Office
Parking
30 Spaces (1.17 Spaces per 1,000 SF Leased)
Frontage
196’ on Cedar Rd
AMENITIES
- Property Manager on Site
- Restaurant
PROPERTY TAXES
| Parcel Number | 684-22-020 | Improvements Assessment | $220,045 |
| Land Assessment | $40,950 | Total Assessment | $260,995 |
PROPERTY TAXES
Parcel Number
684-22-020
Land Assessment
$40,950
Improvements Assessment
$220,045
Total Assessment
$260,995
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