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Three-Story Office Building
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1720 Columbus Road, Cleveland, OH 44113

Centrally located office property with flexible first-floor commercial potential and rear parking potential.

Property Size15,000 SF
Price / SF$36.33
Days on Market140

Property Features for 1720 Columbus Road

General Information

Standard status Active
Size 15,000 SF
Property subtype Office
Investment Type Redevelopment

Additional Details

Opportunity Zone Yes
Public Transit Yes

Building Details

Year Built 1867
Stories 3
Listing Agency: Cushman & Wakefield CRESCO Real Estate
Listed By: Rico Pietro · License #OH BRK.2016000871
Source: Crexi
Added: Apr 13 Changed: Aug 29 Last Checked: Aug 11 at 4:27AM

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 Cushman & Wakefield CRESCO Real Estate

Investment Insights

Based on property information with market context.

This three-level office property contains 15,000 SF in total, with approximately 5,000 SF on the first floor identified for retail or amenity-oriented space. The layout provides a substantial commercial building platform for repositioning, while the rear portion of the site offers potential for additional parking.

The property is located at 1720 Columbus Road in Cleveland, within the Flats, Tremont, and Ohio City areas. It is designated within an opportunity zone and carries federal tax credit eligibility. Walkability is rated 72 and transit access is rated 76, with downtown Cleveland less than a 5-minute drive away.

Key Highlights

  • 15,000 SF across three floors
  • Approximately 5,000 SF of first‑floor retail or amenity space potential
  • Rear portion of the property offers additional parking potential

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Auto Parts Store Electrical Service Locksmith Home Appliance Store (Bike/Boat/Book/etc) Store HVAC Service

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

Location Intelligence

Trade Area within ½ mile

4,160
Businesses Nearby

Demographics for 44113, OH

20,291
Population
12,554
Households
1.6
Avg Household Size
33
Median Age
54%
College-Educated
89%
High-School Grad
3.8 sq mi
ZIP Area
5,340
Density / Sq Mi
$70,140
Median Household Income
$61,204
Median Earnings
$1,374
Median Rent
$295,400
Median Home Value

Market

Vacancy Rate% for Office in Cleveland, OH

6.9% 2019
6.6% 2020
6.6% 2021
7.6% 2022
10.8% 2023
10.6% 2024
10.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Centrally located office property with flexible first-floor commercial potential and rear parking potential.
Where is this office building located?
The property is located at 1720 Columbus Road Cleveland, OH.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 15,000 SF across three floors; Approximately 5,000 SF of first‑floor retail or amenity space potential; Rear portion of the property offers additional parking potential
More about this property
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