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Elgin Furniture 5217 Broadway Ave 52,650 SF Industrial Building Cleveland, OH 44127 $1,625,000 ($30.86/SF)
INVESTMENT HIGHLIGHTS
- Close Proximity to I-77 and I-490
- Excellent Access Directly to Downtown Cleveland
EXECUTIVE SUMMARY
Rare One Acre - Cleveland Urban Core Redevelopment Opportunity. Site Assembled .86 Acre and .15 Acre Redevelopment Opportunity. Comprised of Six (6) Site-Assembled Parcels, Zoned Local Retail Business (LR-C2). Adjacent to NRP Group’s new 5115 The Rising—88 brand new affordable apartment and town home units. Direct Access to $350M Opportunity Corridor, 10 Minutes to Cleveland Clinic (CCF) and University Circle via Opportunity Corridor.
PROPERTY FACTS
| Price | $1,625,000 | Rentable Building Area | 52,650 SF |
| Price Per SF | $30.86 | No. Stories | 3 |
| Sale Type | Investment | Year Built | 1908 |
| Sale Condition | Redevelopment Project | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.09/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 10’ |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Lot Size | 1.20 AC | No. Drive In / Grade-Level Doors | 3 |
| Zoning | GR | ||
| Price | $1,625,000 |
| Price Per SF | $30.86 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.20 AC |
| Rentable Building Area | 52,650 SF |
| No. Stories | 3 |
| Year Built | 1908 |
| Tenancy | Single |
| Parking Ratio | 0.09/1,000 SF |
| Clear Ceiling Height | 10’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | GR |
AMENITIES
- Property Manager on Site
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,500 | |
| Land Assessment | $8,120 | Total Assessment | $11,620 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$8,120
Improvements Assessment
$3,500
Total Assessment
$11,620
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Elgin Furniture | 5217 Broadway Ave
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