

Former Time Warner Building
Industrial Adaptive Re-Use Opportunity
Marketing description
This rare opportunity allows you to own an entire prime city block just outside Downtown Cleveland, featuring three flex buildings totaling 87,171 square feet on 2.57 acres of land zoned for industrial and office use. Priced at $2,000,000, this property is ideally suited for an owner-user, investor, or a redevelopment project. The buildings offer exceptional flexibility for light industrial, warehouse, and modern office setups, making them ideal for manufacturing, storage, or assembly purposes. Strategically located with convenient access to I-90, I-77, and I-71, the site ensures excellent connectivity for logistics and commuters. Constructed with durable split-face block and brick, the buildings feature updated roofing, including a new roof on 3400 Lakeside and recent repairs on 3300 Lakeside. Infrastructure upgrades include significant HVAC enhancements for tenant and common areas, heaters in the shipping zone, and enhanced tenant amenities. Currently, the property maintains a 20% occupancy rate, including a crane company at 3694 Lakeside, generating immediate income while leaving ample opportunity for expansion or occupancy. Additional features include clear heights ranging from 11 to 20 feet, abundant parking, three docks at 3400 Lakeside, two drive-in doors per building, wet sprinkler systems, fluorescent lighting, overhead gas heating, and rooftop/office air conditioning. Originally built in 1904, this masonry/block construction is a versatile and income-generating asset with substantial upside potential.
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