Renovated Office and Clinic
For Sale
$315,000
18515 Underwood Avenue, Cleveland, OH 44119
Two fully renovated buildings offer a vacant flexible-use office/clinic space plus a partially leased multi-tenant office setup.
Property Size4,350 SF
Price / SF$72.41
Days on Market125
Property Features for 18515 Underwood Avenue
General Information
Standard status
Active
Size
4,350 SF
Total Parking Spaces
15
Property subtype
Office
Occupancy
50%
Additional Details
Business Included
Yes
Office Units
10
Taxes and HOA fees
Annual Taxes
$5,022
Amenities
Central Air, Heat Pump
3
13 Parking Spaces.
Building Details
Year Built
1900
Listing Agency:
EXP Realty, LLC.
(330) 604-2363
Listed By:
Chassity Miller · License #2017005555
(330) 604-2363
Source:
Xome
Added: Apr 28
Changed: Aug 15
Last Checked: Aug 29 at 7:23AM
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 Realty, LLC.
Investment Insights
Based on property information with market context.
18515 Underwood Avenue presents a fully renovated mixed-use property consisting of two buildings on a single parcel. One building, 18515, is a separate single-tenant, two-story structure with space across the first and second floors and is currently vacant. The most recent rent referenced for this building was $2,550 per month. Under the Residence-Office District zoning, the vacant building allows flexibility for use as a residential rental, professional office, or a medical/clinic operation.
The second building, 18519, is a two-story multi-tenant office building 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, and five remain available at published asking rates. The combined property is sold with 13–15 on-site surface parking spaces.
This offering can fit an owner-operator who occupies the vacant building while collecting income from the leased offices in the other building, or an investor looking for a turnkey office arrangement with existing occupancy. The combination of renovated space, multiple office configurations, and on-site parking supports a range of professional tenant and clinic use cases consistent with the stated Residence-Office District zoning.
The second building, 18519, is a two-story multi-tenant office building 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, and five remain available at published asking rates. The combined property is sold with 13–15 on-site surface parking spaces.
This offering can fit an owner-operator who occupies the vacant building while collecting income from the leased offices in the other building, or an investor looking for a turnkey office arrangement with existing occupancy. The combination of renovated space, multiple office configurations, and on-site parking supports a range of professional tenant and clinic use cases consistent with the stated Residence-Office District zoning.
Key Highlights
- Two fully renovated buildings on one parcel total ±4,350 GSF in Cleveland’s North Collinwood neighborhood.
- 18519 Underwood: two‑story multi‑tenant office building with ±2,800 GSF, 10 individual offices, shared kitchen, and shared conference room (lower level).
- 18519 Underwood: 5 offices currently leased on gross terms; 5 offices remain available at published asking rates.
Property Analytics
Property Profile
Current Use
Lease Details
10
Office units
50%
Occupancy
Turnkey business
Opportunity
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 fully renovated buildings offer a vacant flexible-use office/clinic space plus a partially leased multi-tenant office setup.
Where is this office building located?
The property is located at 18515 Underwood Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two fully renovated buildings on one parcel total ±4,350 GSF in Cleveland’s North Collinwood neighborhood.; 18519 Underwood: two‑story multi‑tenant office building with ±2,800 GSF, 10 individual offices, shared kitchen, and shared conference room (lower level).; 18519 Underwood: 5 offices currently leased on gross terms; 5 offices remain available at published asking rates.
