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1048-1052 Old River Rd
Cleveland, OH 44113

Iconic Income-Producing Waterfront Property · Retail Property For Sale

Restaurants Ohio Cleveland 1048-1052 Old River Rd, Cleveland, OH 44113

Investment Highlights

  • ICONIC INCOME-PRODUCING WATERFRONT OPPORTUNITY IN THE FLATS OF DOWNTOWN CLEVELAND
  • This is a rare pair of Class A commercial/retail buildings that have over 33,000 RSF plus exterior patios
  • The finishes are world class and will command the highest potential future income
  • Terrific value-add opportunity for the astute investor. The most important waterfront property offered in Cleveland in over a generation
  • Designed and constructed by Cleveland Developer Scott Wolstein at an estimated cost of over $21 Million in 2020
  • Currently 70% occupied with strong income. Potential gross income at 100% occupancy should exceed $1.2 million

Executive Summary

REAL ESTATE AUCTION, FEB 13 at 11:00 AM ON-SITE
RECEIVERSHIP ORDERS IMMEDIATE SALE
On-Site Inspections: Thursdays, January 23, 30 & February 6 from 1:00-2:30 PM
For Brochure & Terms call Mike Berland or David Wagner at 216-861-7200.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
33,000 SF
Year Built
2020
Percent Leased
70%
Tenancy
Multiple
Building Height
3 Stories
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

PROPERTY TAXES

Parcel Numbers
Multiple
  • 101-11-016
  • 101-11-017
 Improvements Assessment $2,006,257 CAD
Land Assessment $1,385,214 CAD Total Assessment $3,391,471 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 101-11-016
  • 101-11-017
Land Assessment
$1,385,214 CAD
Improvements Assessment
$2,006,257 CAD
Total Assessment
$3,391,471 CAD

  • Listing ID: 34424069

  • Date on Market: 2025-01-09

  • Last Updated:

  • Address: 1048-1052 Old River Rd, Cleveland, OH 44113

The Retail Property at 1048-1052 Old River Rd, Cleveland, OH 44113 is currently available for sale. Contact Hanna Commercial Real Estate for more information.

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