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Iconic Income-Producing Waterfront Property 1048-1052 Old River Rd

33,000 SF 70% Leased Retail Building Cleveland, OH 44113 For Sale

Investment Highlights

  • ICONIC INCOME-PRODUCING WATERFRONT OPPORTUNITY IN THE FLATS OF DOWNTOWN CLEVELAND
  • This is a rare pair of Class A commercial/retail buildings that have over 33,000 RSF plus exterior patios
  • The finishes are world class and will command the highest potential future income
  • Terrific value-add opportunity for the astute investor. The most important waterfront property offered in Cleveland in over a generation
  • Designed and constructed by Cleveland Developer Scott Wolstein at an estimated cost of over $21 Million in 2020
  • Currently 70% occupied with strong income. Potential gross income at 100% occupancy should exceed $1.2 million

Executive Summary

REAL ESTATE AUCTION, FEB 13 at 11:00 AM ON-SITE
RECEIVERSHIP ORDERS IMMEDIATE SALE
On-Site Inspections: Thursdays, January 23, 30 & February 6 from 1:00-2:30 PM
For Brochure & Terms call Mike Berland or David Wagner at 216-861-7200.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
33,000 SF
Year Built
2020
Percent Leased
70%
Tenancy
Multiple
Number of Floors
3
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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Nearby Major Retailers

Margaritaville
Wells Fargo Bank
Starbucks
Quaker Steak & Lube
Title Boxing
Keybank
Flagstar Bank N.A.
Tilted Kilt
PNC Bank
Dollar Bank

PROPERTY TAXES

Parcel Numbers
Multiple
  • 101-11-016
  • 101-11-017
 Improvements Assessment £1,118,541
Land Assessment £772,293 Total Assessment £1,890,835

PROPERTY TAXES

Parcel Numbers
Multiple
  • 101-11-016
  • 101-11-017
Land Assessment
£772,293
Improvements Assessment
£1,118,541
Total Assessment
£1,890,835
(216) 839-2032

Contacts

  • Listing ID: 34424069

  • Date on Market: 09/01/2025

  • Last Updated:

  • Address: 1048-1052 Old River Rd, Cleveland, OH 44113

The Retail Property at 1048-1052 Old River Rd, Cleveland, OH 44113 is currently available for sale. Contact Hanna Commercial Real Estate for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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1048-1052 Old River Rd, Cleveland, OH for sale Primary Photo- Image 1 of 3
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1048-1052 Old River Rd, Cleveland, OH for sale Building Photo- Image 2 of 3
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© 2025 CoStar Group

Iconic Income-Producing Waterfront Property | 1048-1052 Old River Rd
(216) 839-2032 x

Iconic Income-Producing Waterfront Property | 1048-1052 Old River Rd

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Mike Berland

(216) 839-2032

(216) 839-2032

David Wagner

(216) 469-6914

(216) 469-6914

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