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Investment Highlights
- About 10,000 vehicles per day on Lorain Ave
- Perfect opportunity for 2nd generation restaurant/bar concept
- Prime location in the Ohio City neighborhood
Executive Summary
Positioned in the heart of Ohio City, this ±0.3 acre corner site offers a rare opportunity in one of Cleveland’s most active and supply constrained neighborhoods. Located just steps from the West Side Market, Great Lakes Brewing Company, Mitchell's Ice Cream, the West 25th Street entertainment corridor, and positioned diagonally across from St. Ignatius High School, the property benefits from strong daily traffic, established neighborhood density, and consistent regional draw.
The offering consists of a fully built out restaurant and brewery facility with substantial existing infrastructure, including a commercial kitchen, bar buildout, and brewing equipment. The property is being offered as real estate only; however, the existing improvements provide a clear path for a second-generation food and beverage concept or alternative adaptive reuse with limited upfront time and cost. The existing liquor license is available for transfer.
The property offers additional flexibility with a lower level that can support a private dining concept, lounge, or speakeasy style use, complemented by a grand staircase entrance along West 28th. A newer elevator provides efficient access between all levels, supporting both ADA compliance and back of house operations. The building also features two large walk-in coolers, a mezzanine level with balcony seating, and a sizable outdoor patio. Existing infrastructure includes brewing equipment and a secondary kitchen opportunity in the lower level with a hood already roughed in, allowing for multiple operational layouts.
The site also presents longer term redevelopment potential, with nearly half an acre allowing for reconfiguration or increased density, subject to zoning and community considerations. Ohio City continues to see sustained investment driven by its walkability, proximity to downtown, and strong neighborhood identity, making this a compelling opportunity for both operators and developers seeking a foothold in a high demand location.
The property carries a long-standing legacy within the neighborhood, reflecting decades of ownership and investment in the area. Today, it is offered as a real estate opportunity, ready for its next chapter.
The offering consists of a fully built out restaurant and brewery facility with substantial existing infrastructure, including a commercial kitchen, bar buildout, and brewing equipment. The property is being offered as real estate only; however, the existing improvements provide a clear path for a second-generation food and beverage concept or alternative adaptive reuse with limited upfront time and cost. The existing liquor license is available for transfer.
The property offers additional flexibility with a lower level that can support a private dining concept, lounge, or speakeasy style use, complemented by a grand staircase entrance along West 28th. A newer elevator provides efficient access between all levels, supporting both ADA compliance and back of house operations. The building also features two large walk-in coolers, a mezzanine level with balcony seating, and a sizable outdoor patio. Existing infrastructure includes brewing equipment and a secondary kitchen opportunity in the lower level with a hood already roughed in, allowing for multiple operational layouts.
The site also presents longer term redevelopment potential, with nearly half an acre allowing for reconfiguration or increased density, subject to zoning and community considerations. Ohio City continues to see sustained investment driven by its walkability, proximity to downtown, and strong neighborhood identity, making this a compelling opportunity for both operators and developers seeking a foothold in a high demand location.
The property carries a long-standing legacy within the neighborhood, reflecting decades of ownership and investment in the area. Today, it is offered as a real estate opportunity, ready for its next chapter.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
8,841 SF
Building Class
C
Year Built/Renovated
1982/2013
Price
$2,500,000
Price Per SF
$282.77
Tenancy
Single
Building Height
2 Stories
Building FAR
0.68
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
(4200) C - DETACHD STORE - VOL 373 PG 2 S/L PCL C FF 128.32 D 100.39 0.2957 AC OL 69 ASSOCIATED PARCELS 00710007, 008 & 009 2014 SR
Parking
10 Spaces (1.13 Spaces per 1,000 SF Leased)
Amenities
- Mezzanine
- Restaurant
- Storage Space
- Air Conditioning
- Balcony
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $163,170 | |
| Land Assessment | $86,065 | Total Assessment | $249,235 |
Property Taxes
Parcel Numbers
Land Assessment
$86,065
Improvements Assessment
$163,170
Total Assessment
$249,235
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Presented by
Hansa Brewery | 2717 Lorain Ave
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