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7501 Carnegie Ave

138,046 SF 99% Leased Industrial Building Cleveland, OH 44103 £9,310,200 (£67/SF)

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Executive Summary

The subject property consists of a multi-tenant structure totaling approximately 138,046 SF inclusive of approximately 5,048 SF of Office, 8,630 SF of Retail, and the balance of production, cooler, freezer, storage, and traditional warehouse. Our research confirms the original construction commenced in 1925 with multiple, various additions. The property began major renovations in 2012 and are still ongoing. Renovations include test kitchens, upgraded tenancy, significant roof and dock work, storefronts, freezer / cooler upgrades and expansions., etc. The property has been refurbished and is approximately 100% (there is a historic 11,278 SF roundabout that is currently used for parking and storage) leased. The property also contains two (2) drive-in doors and seven (7) dock doors with a ceiling heights up to 26’9”. Other property amenities include: heavy power, sprinkler system through the whole building; shop restrooms; floor drains, food grade ready racking, freezer, cooler, food prep areas, retail, etc.

7501 Carnegie Avenue - OM Teaser

Property Facts

Price	£9,310,200	Number of Floors	1
Price Per SF	£67	Year Built	1925
Sale Type	Investment	Parking Ratio	0.33/1,000 SF
Property Type	Industrial	Clear Ceiling Height	26 ft 9 in
Property Subtype	Manufacturing	No. Dock-High Doors/Loading	7
Building Class	B	Level Access Doors	2
Lot Size	4.88 AC	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.
Rentable Building Area	138,046 SF

Price	£9,310,200
Price Per SF	£67
Sale Type	Investment
Property Type	Industrial
Property Subtype	Manufacturing
Building Class	B
Lot Size	4.88 AC
Rentable Building Area	138,046 SF
Number of Floors	1
Year Built	1925
Parking Ratio	0.33/1,000 SF
Clear Ceiling Height	26 ft 9 in
No. Dock-High Doors/Loading	7
Level Access Doors	2
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.

Amenities

Signage

Heating - Electric

Space Availability

1st Fl-Ste Restuarant
925 SF
Restaurant
Partial Build-Out
Now

Midtown Cleveland is home to 18,000 employees and has over 200 new apartment units under construction. Cleveland Bagel and Souper Market have been putting up impressive numbers for several years now. Since that time the potential of this location has only gotten better thanks to the rise of food delivery services. Now it's your turn to join them and the soon-to-be opening concepts Vegan Vybez and Big M's Pizza. We just have one restaurant space left. 1,181 SF Restaurant Space $2,200 per month Bring your equipment, brand your space, and you're in business Traffic Visibility: 21,000+ cars per day 5-mile delivery radius: 285,000+ People Extra dry, refrigerated, and freezer storage is available Click here for the marketing flyer We also have turkey 700 SF kitchen pods for those looking to add a commissary to their business. This is the perfect place to launch a concept looking to have multiple locations. Please call or email for a tour.

Space	Size	Space Use	Condition	Available
1st Fl-Ste Restuarant	925 SF	Restaurant	Partial Build-Out	Now

Size

925 SF

Space Use

Restaurant

Condition

Partial Build-Out

Available

Now

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Walk Score ®

Very Walkable (73)

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PROPERTY TAXES

Parcel Number	118-15-009	Improvements Assessment	£585,521
Land Assessment	£155,031	Total Assessment	£740,551

PROPERTY TAXES

Parcel Number

118-15-009

Land Assessment

£155,031

Improvements Assessment

£585,521

Total Assessment

£740,551

zoning

Zoning Code	MMUD-3, Cleveland E (Midtown Mixed-Use District)
MMUD-3, Cleveland E (Midtown Mixed-Use District)

Listing ID: 31576454
Date on Market: 22/04/2024
Last Updated:
Address: 7501 Carnegie Ave, Cleveland, OH 44103

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7501 Carnegie Ave, Cleveland, OH for sale Building Photo- Image 1 of 3 — 7501 Carnegie Main COSTAR

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