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    5200 Euclid Ave Cleveland, OH 44103

    For Lease
    $9 SF/Yr

    Cleveland Restaurant, 4000 sq ft, High Traffic

    Lot size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 4,000 square foot restaurant space, located at 5200 Euclid Avenue in Cleveland, Ohio, presents a unique investment opportunity. Previously operating as the Backstage Cafe, this single-tenant property is situated within the iconic Agora, currently undergoing a significant multi-million dollar revitalization. This renovation includes the addition of approximately 50 new apartment units and office spaces, creating a vibrant and dynamic environment within Cleveland's Midtown District. The Agora Theater itself boasts impressive annual attendance figures, hosting around 130 events and welcoming over 110,000 guests annually. This high foot traffic location offers unparalleled exposure and potential for a thriving restaurant business. The expansive space provides ample room for creative design and layout, allowing for the implementation of a diverse range of restaurant concepts. The property is located in Cuyahoga County, Ohio, with a zip code of 44103. This is a rare chance to establish a new restaurant concept in a rapidly developing area, benefiting from the ongoing investment and growth within the Midtown Cleveland community. The property's size and prime location within the revitalized Agora complex make it an ideal investment for discerning entrepreneurs seeking a high-visibility, high-traffic location.

    Property Features for 5200 Euclid Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF

    Unit(s) available at that property

    Space
    Size
    4,000 SF
    Rate per SF
    $9

    HighLights

    • New residential and office conversion opportunity.
    • Partnership with Midtown Cleveland Inc. and LDA Architects.
    • Includes existing kitchen equipment and hood system.
    • Prime Euclid Avenue frontage.
    • Conveniently located minutes from The Cleveland Foundation campus.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -81.65306
    Latitude
    41.503724

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    FAQs

    What type of property is this?
    Restaurant - Cleveland Restaurant, 4000 sq ft, High Traffic
    Where is this restaurant located?
    The property is located at 5200 Euclid Ave Cleveland, OH.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: New residential and office conversion opportunity.; Partnership with Midtown Cleveland Inc. and LDA Architects.; Includes existing kitchen equipment and hood system.
    Request Owner's contact information
    5200 Euclid Ave Cleveland, OH 44103
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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
    5200 Euclid Ave Cleveland, OH 44103
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