1820 30th St Cleveland, OH 44114
- Bowling alleys
- 46,502 SF
- 0.65 lot acres
Aug 23, 2021
Current Use by Public Records
- Bowling alleys
Property Details for 1820 30th St
- Year built
- 1934
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.65 lot acres
- Property size
- 46,502 SF
- Zone code
- SI
- Property type
- Bowling alleys
- APN
- 102-34-022
- APU
- 10234022
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $295,000
- ML approach
- $490,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.6683
- Latitude
- 41.5054
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
