3093 25Th St Cleveland, OH 44113
- Warehouses
- 10,278 SF
- 0.09 lot acres
Current Use by Public Records
- Warehouses
Property Details for 3093 25Th St
- Year built
- 1890
- Construction
- WOOD
- Lot size
- 0.09 lot acres
- Property size
- 10,278 SF
- Zone code
- GR
- Property type
- Warehouses
- APN
- 008-05-020
- APU
- 805020
Description
This exceptional Cleveland, Ohio property, located at 3093 W. 25th St, at the corner of Clark Ave, offers a unique opportunity for creative office or coworking businesses. The building, a three-story Class C structure built in 1890, boasts a total of 6,852 square feet and features two suites. Currently, there is space available ranging from 1,600 to 3,426 contiguous square feet, with the second and third floors each offering 3,426 square feet of open space. The property is characterized by high ceilings and a blank canvas interior, perfect for tenant build-out to suit specific needs. The building is zoned for retail, office, and special purpose uses, making it adaptable to a variety of businesses. The landlord is offering a modified gross lease at $9 per square foot and is willing to provide rent credits to offset some build-out costs, creating a flexible and attractive lease arrangement. This prime location provides excellent visibility and accessibility, making it an ideal space for businesses seeking a unique and adaptable workspace in a vibrant Cleveland neighborhood. The property is multi-tenant.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $495,000
- 6.5%
- $500,000
- 7%
- $445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $475,000
- Geo Method
- $550,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $390,000
- Retail
- $450,000
- Mixed-Use
- $530,000
- Hospitality
- $545,000
- Educational
- $480,000
- Residential Income
- $500,000
- Energy
- $400,000
- Income-Based Land
- $405,000
- Food Service
- $410,000
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.6994
- Latitude
- 41.4701
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA