6203 Cedar AveCleveland, OH 44103

Property Details for 6203 Cedar Ave

Year built

1930

Construction

WOOD

Lot size

0.40 AC

Property size (Sq ft)

2,760 SF

Zone code

GI

Property type

Office buildings

APN

118-21-003

APU

11821003

Description

This exceptional Cleveland industrial property, located at 6203 & 6211 Cedar Avenue, offers 18,960 square feet of versatile warehouse space situated on a 0.79-acre lot. The building boasts a functional layout encompassing 16,200 square feet of shop area and 2,760 square feet of office space, ideal for a variety of businesses. The warehouse features two loading docks, one drive-in door, and impressive ceiling heights ranging from 15 to 18 feet, providing ample clearance for storage and operations. Further enhancing its functionality are three light bridge cranes—one 5-ton and two 1-ton—perfect for handling heavier materials. The property also includes a sizable yard, offering significant potential for outdoor storage. This well-maintained property is priced at $325,000 and presents a compelling opportunity for owner-occupiers or investors seeking a strategic location in Cuyahoga County, Ohio, with easy access via its 44103 zip code. The combination of ample space, convenient features, and strategic location makes this an attractive investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $496,524

  6.5%

  $458,330

  7%

  $425,592

• Comparable approach

  Method

  Valuation

  Relative Method

  $258,170

  Geo Method

  $258,170

• Alternative Use

  Use

  Valuation

  Residential

  $568,329

  Hospitality

  $520,586

  Educational

  $433,122

  Medical

  $448,017

  Retail

  $673,745

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.5009

Longitude

-81.6472

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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