6101 Detroit Ave
8,500 SF | Retail Building | Cleveland, OH 44102 | $1,250,000 ($147.06/SF)
Michael Pasadyn, Jr.
440-258-9126
mpasadyn@rcadvisory.com
6101 Detroit Ave.
$1,250,000
8,500 SF | Retail Building | Cleveland, OH 44102 | $1,250,000 ($147.06/SF)
Extremely desirable brick warehouse building nestled within the Detroit-Shoreway Gordon Square Arts District. Boasting over 8,000sf concrete floors on slab with large paved asphalt parking lot (up to 25 cars) pours directly onto Detroit Ave. Retail storefront features thirteen-foot ceilings, double-door entry, storefront bay window glass and transoms and plenty of well-lit interiors. The additional square footage offers ample warehouse space opening up possibilities of warehouse and storage to an office or restaurant conversion opportunity. Building layout includes two large billboards atop the building, large eleven foot steel overhead door and three entry access points, meetings rooms, mezzanine office and two restroom facilities—with mechanicals of three-phase power supply, refrigeration and coolers (existing owner/tenant), two hot water tanks and cooling towers for rooftop condensers. An absolute premium location in the heart of Gordon Square—perfect for mixed-use retail and multifamily, restaurant, single-floor primary or shared office concept connecting you to the local neighborhood vibrancy and access.
Property Facts:
Sale Type: Investment or Owner User
Sale Conditions: Lease Option
Property Type: Retail
Property Subtype: Supermarket
Building Size: 8,500 SF
Building Class: C
Year Built: 1920
Price: $1,250,000
Price Per SF: $147.06
Cap Rate: 13.12%
NOI: $164,000
Tenancy: Multiple
Building Height: 1 Story
Building FAR: 0.48
Lot Size: 0.41 AC
Zoning: LR
Parking: 25 Spaces (2.94 Spaces per 1,000 SF Leased)
Frontage: 120’ on Detroit Ave
Property Taxes
Parcel Number: 002-16-012
Improvements Assessment: $59,395
Land Assessment: $25,235
Total Assessment: $84,630