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    1700 Columbus Rd Cleveland, OH 44113

    For Sale
    Contact for pricing

    Cleveland gem: renovated, prime location.

    Property size:
    7,266 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This extensively renovated historic building in Cleveland's Flats offers a unique investment opportunity. Spanning 7,266 square feet across three floors, this multifamily property currently operates as a blend of residential apartments and office/event space. Its prime location is surrounded by parks and is situated within an area experiencing significant upcoming development, promising strong future growth potential. The building's interior has undergone a complete and extensive renovation, ensuring modern amenities and functionality. The current configuration provides a flexible layout adaptable to various uses, catering to a diverse range of tenants or a single owner-operator. The property is located at 1700 Columbus Rd, Cleveland, OH 44113, in Cuyahoga County. This address places it within easy access to various amenities and transportation routes. Further enhancing its appeal, there's a possibility of acquiring additional land adjacent to the property

    Property Features for 1700 Columbus Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,266 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stata Productions Cleveland ... Photography Studio Events By Patterson's Event Venue

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.70051193449
    Latitude
    41.493377258258

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    FAQs

    What type of property is this?
    Multifamily property - Cleveland gem: renovated, prime location.
    Where is this multifamily property located?
    The property is located at 1700 Columbus Rd Cleveland, OH.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1700 Columbus Rd Cleveland, OH 44113
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