959 Saint Clair AveCleveland, OH 44113

Property Details for 959 Saint Clair Ave

Year built

2002

Construction

TYPE NOT SPECIFIED

Lot size

0.13 AC

Property size (Sq ft)

16,347 SF

Zone code

LLR

Property type

Turn key restaurants

APN

101-14-027

APU

10114027

Description

This exceptional three-story Class B office building, constructed in 2002, offers 15,000 square feet of versatile space in Cleveland's vibrant Warehouse District/Flats East Bank. The property sits on a 0.13-acre lot and is zoned LLR-6. Currently, there is 10,000+ square feet of contiguous space available for lease, distributed across two floors. The first floor, previously used as retail space, offers a large open area, while the second floor features seven move-in ready private offices. Each of these floors comprises approximately 5,000 square feet. There's also the potential to add an additional 5,000 square feet on the third floor, providing significant expansion opportunities. The building boasts convenient access to adjacent indoor parking, a significant advantage in this bustling urban location. The property's address is 959 West Saint Clair Avenue, Cleveland, Ohio, 44113, with the APN 10114027 in Cuyahoga County. This is a rare opportunity to secure a substantial and well-located office space in a thriving area of Cleveland. The building's single structure and multiple tenancy options provide flexibility for various business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $4,323,012

  6.5%

  $3,990,472

  7%

  $3,705,438

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,853,328

  Geo Method

  $3,853,328

• Alternative Use

  Use

  Valuation

  Residential

  $3,366,112

  Hospitality

  $3,083,341

  Educational

  $2,565,304

  Medical

  $2,653,528

  Retail

  $3,990,472

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.498

Longitude

-81.7014

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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