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listing
1 of 19
CommercialFor Sale
$5,000,000
2831 Franklin Boulevard
Cleveland, OH 44113
Courtesy of HomeSmart Real Estate Momentum LLC
MLS: MLS Now
29,075Sq Ft
Est. Mortgage
$25,909/mo

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!

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Information courtesy of HomeSmart Real Estate Momentum LLC is subject to verification and is not guaranteed.
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