Industrial Redevelopment Opportunity 3 Industrial Properties Offered at $600,000 in Cleveland, OH
INVESTMENT HIGHLIGHTS
- Located in an opportunity zone.
- Population of 240,000+ within a 5-mile radius.
- Clear heights ranging from 12' to 16'6".
EXECUTIVE SUMMARY
The 3-parcel property is approximately 1.83 acres with a total square footage of 35,063 SF (28,181 SF contiguous)
• Building 1 - (1918 E 55 ST): 13,705 SF
- PPN: 104-30-009 – 0.53 Acres
- Built: 1926
- Clear Height: 12’ beam
- Loading: 1 Drive-In, 10’ x 12’
- Prior Use: Foundry
- $500/monthly for billboard on 10/year
• Building 2 - (5000 Perkins): 14,476 SF
- PPN: 104-30-026 – 0.88 Acres
- Built: 1974
- Clear Height: 14’3” to truss (17’ deck)
- Loading: 4 Dock High Loading with levelers
- Adjacent to Norfolk Southern R&R (Keyston Division)
• Building 3 – (5200 Perkins): 6,882 SF
- PPN: 104-30-015 – 0.42 Acres
- Built: 1916
- Clear Height: 16’6” to beam
- Cranes: 1-2 Ton Crane, 1- One Ton Bridge Crane
- Loading - 2 Drive-ins
- Tenant: Rise & Shine, $2500/month – MTM
• Building 1 - (1918 E 55 ST): 13,705 SF
- PPN: 104-30-009 – 0.53 Acres
- Built: 1926
- Clear Height: 12’ beam
- Loading: 1 Drive-In, 10’ x 12’
- Prior Use: Foundry
- $500/monthly for billboard on 10/year
• Building 2 - (5000 Perkins): 14,476 SF
- PPN: 104-30-026 – 0.88 Acres
- Built: 1974
- Clear Height: 14’3” to truss (17’ deck)
- Loading: 4 Dock High Loading with levelers
- Adjacent to Norfolk Southern R&R (Keyston Division)
• Building 3 – (5200 Perkins): 6,882 SF
- PPN: 104-30-015 – 0.42 Acres
- Built: 1916
- Clear Height: 16’6” to beam
- Cranes: 1-2 Ton Crane, 1- One Ton Bridge Crane
- Loading - 2 Drive-ins
- Tenant: Rise & Shine, $2500/month – MTM
PROPERTY FACTS
| Price | $600,000 |
| Price / SF | $17.11 / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 35,063 SF |
| Total Land Area | 1.83 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 5000 Perkins Ave, Cleveland, OH 44103 | Industrial | 14,476 SF | 1974 | - |
| 1918 E 55th St, Cleveland, OH 44103 | Industrial | 13,705 SF | 1926 | - |
| 5200 Perkins Ave, Cleveland, OH 44103 | Industrial | 6,882 SF | 1916 | - |
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