Commercial Sale in Cleveland

$315,000

18515 Underwood, 44119, Cleveland, OH

UNDER OFFER

Commercial Sale for sale in Cleveland, 18515 Underwood, 44119

18515 Underwood, 44119, Cleveland, OH

$315,000

Type: Commercial Sale

Description

18515 Underwood Avenue is a fully renovated mixed-use property comprising two buildings on a single parcel in Cleveland's North Collinwood neighborhood. The property totals ±4, 350 GSF and is offered for sale at $315, 000. 18519 Underwood is a two-story multi-tenant office building with ±2, 800 GSF spread across the main floor and lower level, configured with 10 individual offices, a shared kitchen on the main floor, and a shared conference room on the lower level. Five offices are currently leased on gross terms; five remain available at published asking rates. 18515 Underwood is a separate fully renovated single-tenant building with ±1, 550 GSF across the first and second floors. Most recently rented at $2, 550 per month, it is currently vacant and offers flexibility for use as a residential rental, professional office, or medical/clinic operation under Residence-Office District zoning. The property is positioned for either an owner-operator who occupies one building while collecting income from the other, or an investor seeking a turnkey cash-flowing asset with lease-up upside. Sold together with 13–15 on-site surface parking spaces.

Location

18515 Underwood, 44119, Cleveland, OH

Data

Object TypeCommercial Sale
Purchase Price$315,000
Living Space0 m²
Plot Size1023.86 m²
BathroomsN/A
Construction Year1900
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeHeat Pump
Primary Energy SourceN/A
Construction Year1900
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent