309 Perkins Ave 3907 Perkins Ave 20,000 SF Office Building Cleveland, OH 44114 $1,600,000 ($80/SF)

INVESTMENT HIGHLIGHTS

  • Equipped with open/bullpen, multi-function spaces, meeting areas, shared and private offices
  • Fully climate controlled
  • 3-phase, 400+ amps; Fully sprinklered
  • Lots of natural light
  • 3 kitchens
  • Freight elevator (2,000 lbs)

EXECUTIVE SUMMARY

FIRST TIME ON THE MARKET!
Introducing a prime owner-user opportunity in the MidTown corridor just east of downtown Cleveland. This 19,168 SF former warehouse building was fully gutted and renovated in 1997 to creative office. Zoned as GI - General Industry, this property offers versatile potential for a range of uses. This property is very well maintained and presents a unique opportunity to capitalize on its historic charm and modern functionality. Previous use as a major multimedia studio.
Located in Cleveland's Midtown Corridor, just east of Downtown, this property is part of a dynamic and growing area known for its biomedical and tech developments. The neighborhood offers a vibrant mix of commercial, cultural, and recreational amenities, with easy access to downtown (5 minutes), Cleveland State University (3 minutes), and major highways (I-90, Inner Belt). Recently, Cuyahoga County renovated the nearby 3951 Perkins building for public access to archives. The location is also a 20-minute drive to Cleveland Hopkins Airport. Perfect for both owner-users and investors.
-Masonry construction with wood floors and beams
-Abundance of natural light
-Equipped with open/bullpen, multi-function spaces, meeting areas, shared and private offices
-3 full kitchens (1 full commercial)
-Restrooms on every level
-Fully climate-controlled HVAC
-Drive-in secured garage accommodates 6 cars or two 16' box trucks
-3-phase, 400+ amps; Fully sprinklered
-Freight elevator (2,000 lbs)
-Solar Panels (138 panels) with new inverter
-Upgraded lighting throughout
-18-20 dedicated parking (exterior and interior) plenty of street and nearby lot parking
-Less than 1 mile to I-90, I-77 & I-71
-MidTown is an innovation hotbed between Cleveland Clinic and Public Square

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
20,000 SF
Building Class
B
Year Built/Renovated
1941/2000
Price
$1,600,000
Price Per SF
$80
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
10,000 SF
Building FAR
0.42
Lot Size
1.10 AC
Opportunity Zone
Yes
Zoning
SI
Parking
20 Spaces (1 Space per 1,000 SF Leased)
Walk Score®
Very Walkable (70)

PROPERTY TAXES

  • Listing ID: 33994253

  • Date on Market: 11/25/2024

  • Last Updated:

  • Address: 3907 Perkins Ave, Cleveland, OH 44114