4120 Carnegie AveCleveland, OH 44103

Property Details for 4120 Carnegie Ave

Year built

1941

Construction

WOOD

Lot size

0.46 AC

Property size (Sq ft)

5,693 SF

Zone code

MMUD-3

Property type

Retail space

APN

103-17-006

APU

10317006

Description

This exceptional 10,090-square-foot industrial warehouse, located at 4121 Carnegie Ave in Cleveland, Ohio, presents a compelling investment opportunity. The property sits on a 0.848-acre lot and is classified as a Class B building constructed in 1929. The single-story structure features a desirable 14-17 foot clear ceiling height, providing ample vertical space for various industrial uses. Access is facilitated by eight drive-in doors, ensuring efficient loading and unloading operations. The warehouse boasts substantial electrical capacity, with recently upgraded (2022) heavy power service including 800A/240V/3P and 800A/480V/3P. The property is zoned MMUD-3 and has APN numbers 10317006 and 10317007 within Cuyahoga County. Currently occupied by a long-term tenant with five years remaining on their lease, this property offers both immediate income and strong long-term potential. Its strategic location in Cleveland provides access to a skilled workforce, further enhancing its appeal. This is a rare opportunity to acquire a well-maintained, functional warehouse in a prime industrial area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,505,530

  6.5%

  $1,389,720

  7%

  $1,290,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,341,958

  Geo Method

  $1,341,958

• Alternative Use

  Use

  Valuation

  Residential

  $1,172,281

  Hospitality

  $1,073,803

  Educational

  $893,392

  Medical

  $924,117

  Retail

  $1,389,720

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.5013

Longitude

-81.6569

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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