Brick warehouse for sale (NOT for rent), US$599,000.00. Land Parcel is 11,616 sq ft, building is 4,012 sq ft. Building has been used for many years by owners for their cleaning company. Owner died, family relocating and downsizing the business. Only the building and land are for sale, not the business.
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This warehouse is located in a predominantly residential area of Cleveland called the Detroit Shoreway District. Many older homes are being bought and rehabbed, then selling for high prices. It is bordered by the hot real estate markets of Ohio City, Gordon Square and Edgewater, which are bursting at the seams. The next ring of development is this Detroit Shoreway area. This is one of the most active and in-demand areas of development in Cleveland, Ohio.
The property has 3 bathrooms, laundry, office, lots of storage and a little apartment within the building.
What investors have been doing: Buying small, light industrial warehouses and demolishing them, then building new, contemporary townhouse condos. The Councilman in this District feels that approval would not be a problem, as they are actively trying to expand into nicer, high end housing, retail, coffee shops, etc. just like what has already been done in the Ohio City area, and it's "overflow" the Gordon Square area. The Edgewater area is mostly new build's in an area that was predominantly small warehouses. These area as some of the hottest districts in Cleveland, where everyone wants to live, shop, dine, hang out, and it is close to downtown and freeways. I HAVE BLUEPRINTS FOR A BEAUTIFUL CONTEMPORARY 4-PLEX!
I have houses for investing also, ranging in price from US$59,000-69,000 that come with tenants, property management. Give me a call at 216 4 one 7 ninety-one 4 eight. I am not a realtor, but an investor just like you! (English speaking only)