Oster Electric | 3907 Perkins Ave
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Oster Electric 3907 Perkins Ave
20,000 SF Office Building Cleveland, OH 44114 £1,255,056 (£63/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
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
Building Size
20,000 SF
Building Class
B
Year Built/Renovated
1941/2000
Price
£1,255,056
Price Per SF
£63
Tenancy
Single
Number of Floors
2
Typical Floor Size
10,000 SF
Building FAR
0.42
Land Acres
1.10 AC
Opportunity Zone
Yes
Zoning
SI
Parking
20 Spaces (1 Space per 1,000 SF Leased)
1 of 1
Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 102-40-018 | Improvements Assessment | £103,750 |
| Land Assessment | £5,793 | Total Assessment | £109,543 |
PROPERTY TAXES
Parcel Number
102-40-018
Land Assessment
£5,793
Improvements Assessment
£103,750
Total Assessment
£109,543
-
Nichole Booker -
SVN | Summit Commercial Real Estate Advisors
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Oster Electric | 3907 Perkins Ave
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