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Paramelt 12651 Elmwood Ave

98,000 SF Industrial Building Cleveland, OH 44111 $4,000,000 ($41/SF)

Executive Summary

92,677 SF of manufacturing/ distribution on 4.21 acres. Buildings are split with 5,219 of office and 54,279 of warehouse in North building and 38,198 of shop in south building.
Potential exists for property to be split. Owner/occupier is in process of relocating operations and expect to be vacated on or about 7/1/25.

Property Facts Under Contract

Price $4,000,000
Price Per SF $41
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Manufacturing
Building Class C
Lot Size 4.22 AC
Rentable Building Area 98,000 SF
No. Stories 1
Year Built 1939
Tenancy Single
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 5

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
021-13-005
Land Assessment
$77,670
Improvements Assessment
$487,450
Total Assessment
$565,120

zoning

Zoning Code GI
GI
  • Listing ID: 31914131

  • Date on Market: 5/24/2024

  • Last Updated:

  • Address: 12651 Elmwood Ave, Cleveland, OH 44111

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