Properties

Property Description

Incredible investment opportunity with reliable and immediate cash flow per climbing gym lease. This historic Masonic Temple, 29,000+ square feet has been repurposed as a highly acclaimed rock climbing gym with a 54 ft high rooftop atrium. Stabilized gyms of this size and quality should generate over $1 mm in EBITDAR, representing a tremendous upside. Located in the heart of Ohio City. Ohio City has had recent development in high end luxury townhomes and apartments. Housing demand is on an increase in this area as well as storefront vacancy decreasing from 34% to 2% in the last 3 years. Additional commercial space includes; (unfinished) commercial kitchen/dining area with private entrance or a (speakeasy), (partial finish) gym space, (finished) yoga/cycle studio, finished and unfinished office space. Reach out for a private tour and additional information!

Features
: Forced Air, Gas
: Central Air
: Partially Finished, Unfinished
: Private, Outside, On Site
46
Address Map
OH
Cuyahoga
Cleveland
Franklin
2831
Boulevard
44113
0
W82° 17' 26.1''
N41° 29' 13.3''
W 28th to Circle Court. Circle Court to Franklin Blvd.
MLS Addon
HomeSmart Real Estate Momentum LLC
Laurisa Rosado
1
29,075 Sqft
: Private Restrooms, Public Restrooms, Meeting Room(s)
2022000458
20130
Active
003-32-003
: Asphalt, Fiberglass
: Public Sewer
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Commercial Sale For Sale

2831 Franklin Boulevard, Cleveland, Ohio

29,075 Sqft
$5,000,000
Listing ID #4485607
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 4485607
Price : $5,000,000
Rooms : 0
Square Footage : 29,075 Sqft
Year Built : 1934
Lot Area : 0.67 Acre
Status : Active
Days On Market : 59
Property Sub Type : Mixed Use
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