1820 30th St Cleveland, OH 44114

Prime Cleveland location, this exceptional 46,502 sq ft, two-story building boasts a thriving restaurant and 16-lane bowling alley. Recently renovated (2022 & 2023), the property includes a full-service bar, spacious kitchen, ample seating, and a stage. The second floor, formerly a bowling alley, offers significant expansion potential, perhaps as additional entertainment space, restaurant expansion, or apartments. A parking easement provides convenient parking. The sale includes the liquor license and all operating businesses with inventory. The 0.65-acre lot is situated near Cleveland State University, ensuring a steady stream of customers. With a 2023 NOI of nearly $300,000 and a 16.46% cap rate, this is a lucrative investment opportunity. The asking price is $1,690,000, or $845,000 per unit. The property's Class B designation reflects its well-maintained condition and recent upgrades. The building's history dates back to 1934, showcasing its enduring presence in the Cleveland community. This turnkey operation presents a unique chance to acquire a well-established and profitable business in a vibrant urban setting. The property's size and versatility offer considerable upside potential for future growth and development.