2831 Franklin Boulevard, Cleveland, Ohio, 44113
$5,000,000
Other
29,075 Sqft
Active
Incredible investment opportunity with reliable and immediate cash flow per climbing gym lease. This historic Masonic Temple, 29,000+ square feet has been repurposed as a highly acclaimed rock climbing gym with a 54 ft high rooftop atrium. Stabilized gyms of this size and quality should generate over $1 mm in EBITDAR, representing a tremendous upside. Located in the heart of Ohio City. Ohio City has had recent development in high end luxury townhomes and apartments. Housing demand is on an increase in this area as well as storefront vacancy decreasing from 34% to 2% in the last 3 years. Additional commercial space includes; (unfinished) commercial kitchen/dining area with private entrance or a (speakeasy), (partial finish) gym space, (finished) yoga/cycle studio, finished and unfinished office space. Reach out for a private tour and additional information!
Water Source : Public
Sewer System : PublicSewer
Parking Features :
Parking Total: 46
Roof : Asphalt,Fiberglass
Property Sub-Type Additional : MixedUse
Heating : Yes.
Heating : ForcedAir,Gas
Cooling : Yes.
Cooling : CentralAir
Basement Description : PartiallyFinished,Unfinished
Above Grade Finished Area : 29075 S.F
Street Address: 2831 Franklin Boulevard
City: Cleveland
State: Ohio
Postal Code: 44113
County: Cuyahoga
MLS Number: 4485607
Year Built: 1934
Courtesy of HomeSmart Real Estate Momentum LLC
Courtesy of Keller Williams Greater Metropolitan