Fully Renovated Two-Building Office
For Sale
Contact for pricing
18515 Underwood Ave, Cleveland, OH 44119
Two renovated office buildings on one parcel offer multi-tenant space plus a vacant single-tenant option under Residence-Office District zoning.
Property Size4,732 SF
Price / SF$6.66
Days on Market93
Property Features for 18515 Underwood Ave
General Information
Standard status
Active
Size
4,732 SF
Total Parking Spaces
15
Property subtype
OFFICE
Zoning
Residence-Office District
Additional Details
Asking Price
$315,000
Office Units
11
Amenities
shared kitchen
shared conference room
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
eXp Commercial - OH
(360) 685-4206
Listed By:
Kas Filippova · License #2020006531
(360) 685-4206
Source:
Moodyscre
Added: Apr 30
Changed: Jul 30
Last Checked: Jul 31 at 12:49PM
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 eXp Commercial - OH
Investment Insights
Based on property information with market context.
18515 Underwood Avenue is a fully renovated, two-building office property on a single parcel in Cleveland’s North Collinwood neighborhood, totaling about 4,350 GSF.
The property includes 18519 Underwood, a two-story multi-tenant office building with 2,800 GSF across the main floor and lower level. It’s configured with 10 individual offices, a shared kitchen on the main floor, and a shared conference room on the lower level. Five offices are currently leased on gross terms, with five additional offices available.
A separate building at 18515 Underwood provides a 1,550 GSF, fully renovated single-tenant space across the first and second floors. It is currently vacant and offers flexibility for use as a residential rental, professional office, or medical/clinic operation under Residence-Office District zoning. The buildings are sold together with 13–15 on-site surface parking spaces.
The property includes 18519 Underwood, a two-story multi-tenant office building with 2,800 GSF across the main floor and lower level. It’s configured with 10 individual offices, a shared kitchen on the main floor, and a shared conference room on the lower level. Five offices are currently leased on gross terms, with five additional offices available.
A separate building at 18515 Underwood provides a 1,550 GSF, fully renovated single-tenant space across the first and second floors. It is currently vacant and offers flexibility for use as a residential rental, professional office, or medical/clinic operation under Residence-Office District zoning. The buildings are sold together with 13–15 on-site surface parking spaces.
Key Highlights
- Total property size of about 4,350 GSF across two buildings on one parcel
- 18519 Underwood: 2,800 GSF two‑story office building with main floor and lower level
- 10 individual offices plus shared kitchen and shared conference room at 18519 Underwood
Property Analytics
Current Use
Lease Details
11
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
Explore this area
Business Placement
Demographics for 44119, OH
12,134
Population
6,941
Households
1.7
Avg Household Size
44
Median Age
19%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
5,515
Density / Sq Mi
$48,268
Median Household Income
$36,556
Median Earnings
$927
Median Rent
$109,700
Median Home Value
Market
Vacancy Rate% for Office in Cleveland, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two renovated office buildings on one parcel offer multi-tenant space plus a vacant single-tenant option under Residence-Office District zoning.
Where is this office building located?
The property is located at 18515 Underwood Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $31,500.
What are key features of this property?
This property features: Total property size of about 4,350 GSF across two buildings on one parcel; 18519 Underwood: 2,800 GSF two‑story office building with main floor and lower level; 10 individual offices plus shared kitchen and shared conference room at 18519 Underwood
