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Industrial Flex Space Available
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2635 Payne Ave, Cleveland, OH

Flex space with excellent access to I-90 and Downtown.

Property Size2,104 SF
Lot Size0.54 Acres
Days on Market839

Property Features for 2635 Payne Ave

General Information

Standard status Active
Size 2,104 SF
Lot size 0.54 Acres
Property subtype FLEX_R_AND_D
Listing Agency: Cresco Real Estate | Cleveland
Listed By: Jason Laver, SIOR
Source: Moodyscre
Added: Apr 13, 2024 Changed: Jul 6 Last Checked: Jul 21 at 5:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cresco Real Estate | Cleveland

Investment Insights

Based on property information with market context.

This flex space offers excellent access to I-90 and Downtown Cleveland. It is located in close proximity to Burke Lakefront Airport and approximately 20 minutes from Cleveland Hopkins International Airport. The property benefits from excellent visibility along Payne Avenue, which experiences high traffic volume. The property is suitable for a growing business. The property has a total size of 2104 square feet. The office unit and warehouse unit can be leased together or separately.

Key Highlights

  • Excellent access to I‑90 and Downtown Cleveland
  • Excellent visibility along the highly trafficked Payne Avenue
  • Office unit and warehouse unit can be leased together or separately

Property Analytics

Current Use

Roy Group Property Management Company

Suggested Use

Top Pick Garden Center Pet Store Clothing & Fashion Store (Bike/Boat/Book/etc) Store Pet Store & Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$0.86 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,041
Businesses Nearby
Well-served
Demand for This Use

Market

Lease Benchmarks for Cleveland, OH

$37.04 /SF/Yr
Avg Asking Price
$5.5–$141 /SF/Yr
Price Range
40,541 SF
Avg Space Size

This space is priced 85% below the average of $37.04 /SF/Yr.

Vacancy Rate% for Industrial in Cleveland, OH

3.8% 2019
3.7% 2020
3.6% 2021
3% 2022
2.7% 2023
2.7% 2024
3.9% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Driftwood Catering — 1422 Euclid Ave, Cleveland, OH 44115
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  • Chennai Caters — 3915 Carnegie Ave, Cleveland, OH 44115
  • Sizzle Sauce & Spice — 3915 Carnegie Ave, Cleveland, OH 44115
  • Tacontento — 3915 Carnegie Ave, Cleveland, OH 44115

Frequently Asked Questions

What type of property is this?
Flex space - Flex space with excellent access to I-90 and Downtown.
Where is this flex space located?
The property is located at 2635 Payne Ave Cleveland, OH.
What is the lease rate?
The lease rate is $1,000 /Mo.
What are key features of this property?
This property features: Excellent access to I‑90 and Downtown Cleveland; Excellent visibility along the highly trafficked Payne Avenue; Office unit and warehouse unit can be leased together or separately
(216) 525-1489 Call to check price and availability
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