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1820 E 30th St - Euphoria Restaurant & Oxygen Lounge

40,922 SF Sports & Entertainment Building Offered at $1,690,000 at a 16.46% Cap Rate in Cleveland, OH 44114

Executive Summary

Now is the time to grab this incredible opportunity to own The Euphoria Restaurant & Oxygen Lounge! This popular sports & restaurant complex offers a lively atmosphere of entertainment just blocks away from Cleveland State University! With almost 70,000 sq. feet, this venue has a 16 lane bowling alley with updated scoring boards, comfortable team/group seating areas, shoe rental and an entire second floor of spare parts. There is a full service restaurant with tall tables, cozy booths, couch seating, a full service bar with 17 seats and a well lit bandstand/stage and dance floor. To set the mood, there are sleek slim wall mounted electric fireplaces with glimmering effects. The full service kitchen is well equipped and has plenty of prep room, storage room and multiple coolers. Behind the long bar is plenty of work space, triple basin sinks and storage cabinets. Deliveries are easy to maintain through the back dock off the spacious parking lot and there is a washer & dryer in the garage as well. The massive second floor was once long ago a second bowling alley and now contains many spare parts for any future repairs. Owner envisions the second floor as a massive entertainment venue or expansion of the first floor restaurant/bar or possibly several apartments! Purchase includes the liquor license and all operating businesses with inventory. Property has a parking easement for use of neighboring lot. This is the perfect chance to become a premier destination as part of the excitement and popularity of downtown Cleveland's social scene. Currently operations net nearly $300K before taxes!

Property Facts

Price $1,690,000
Price Per SF $41
Sale Type Investment or Owner User
Cap Rate 16.46%
Sale Conditions Business Value Included
Property Type Sports & Entertainment
Building Size 40,922 SF
No. Stories 2
Year Built 1934
Opportunity Zone Yes

About 1820 E 30th St , Cleveland, OH 44114

Now is the time to grab this incredible opportunity to own The Euphoria Restaurant & Oxygen Lounge! This popular sports & restaurant complex offers a lively atmosphere of entertainment just blocks away from Cleveland State University! With almost 70,000 sq. feet, this venue has a 16 lane bowling alley with updated scoring boards, comfortable team/group seating areas, shoe rental and an entire second floor of spare parts. There is a full service restaurant with tall tables, cozy booths, couch seating, a full service bar with 17 seats and a well lit bandstand/stage and dance floor. To set the mood, there are sleek slim wall mounted electric fireplaces with glimmering effects. The full service kitchen is well equipped and has plenty of prep room, storage room and multiple coolers. Behind the long bar is plenty of work space, triple basin sinks and storage cabinets. Deliveries are easy to maintain through the back dock off the spacious parking lot and there is a washer & dryer in the garage as well. The massive second floor was once long ago a second bowling alley and now contains many spare parts for any future repairs. Owner envisions the second floor as a massive entertainment venue or expansion of the first floor restaurant/bar or possibly several apartments! Purchase includes the liquor license and all operating businesses with inventory. Property has a parking easement for use of neighboring lot. This is the perfect chance to become a premier destination as part of the excitement and popularity of downtown Cleveland's social scene.

Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 31912991

  • Date on Market: 5/24/2024

  • Last Updated:

  • Address: 1820 E 30th St, Cleveland, OH 44114

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