Former Brewery with Bar/Event
3135 Sackett Avenue Cleveland, OH 44109
For Sale
$685,000
10,662 SF property near Ohio City, Tremont, and downtown.
Property Size10,662 SF
Lot Size0.60 Acres
Price / SF$64.25
Days on Market101
Property Features for 3135 Sackett Avenue
General Information
- Standard status
- Active
- Size
- 10,662 SF
- Lot size
- 0.60 Acres
- Property subtype
- Industrial
Properties For Sale
at 3135 Sackett Avenue Contact us
Listing Agency:
CBRE - Cleveland
(216) 658-6120
Listed By:
Joseph Khouri · License #SAL.2015001299
(216) 658-6120
Source:
Cbre
Added: Apr 15
Changed: Jul 10
Last Checked: Jul 24 at 5:13AM
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 CBRE - Cleveland
Investment Insights
Based on property information with market context.
This 10,662 square foot property, formerly a brewery, features a bar and event center. Situated on a 0.60-acre parcel (269’ x 97’), the property, identified by parcel number 015-10-189, is partially built-out as a high-end design bar and tasting room, complemented by warehouse and production space. A large outdoor area provides space for a patio. The parking lot accommodates approximately 16 spaces. The property is located minutes from Ohio City, Tremont, and downtown Cleveland, and is within walking distance of Metro Hospital's billion-dollar redevelopment. Located in an Opportunity Zone, the site benefits from a dense population of 137,775 people within a 3-mile radius. The existing building and site offer endless possibilities for redevelopment.
Key Highlights
- High‑end design bar/tasting room with warehouse/production space and large outdoor patio.
- Located minutes from Ohio City, Tremont, and downtown Cleveland.
- Walking distance to Metro Hospital billion dollar redevelopment.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.3k | $6.12 |
| − Vacancy | −$2.7k | −$0.25 |
| EGI | $62.6k | $5.87 |
| − OpEx | −$9.4k | −$0.88 |
| NOI | $53.2k | $4.99 |
10,662 SF · lease $6.12/SF/yr · vacancy 4.10% · expense 15.00%
Alternative Uses
Best Use
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,861 @ 7.0% cap · market cap 19.54%
Second Best
Warehouse
$759.9K
$664.9K – $886.5K
NOI $53,190 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$2.60M
$2.28M – $3.04M
NOI $182,131 @ 7.0% cap · market cap 26.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Breweries
FAQs
What type of property is this?
Brewery - 10,662 SF property near Ohio City, Tremont, and downtown.
Where is this brewery located?
The property is located at 3135 Sackett Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: High‑end design bar/tasting room with warehouse/production space and large outdoor patio.; Located minutes from Ohio City, Tremont, and downtown Cleveland.; Walking distance to Metro Hospital billion dollar redevelopment.
