15212 LAKE SHORE BLVD CLEVELAND OH 44110-1231
High-Visibility Redevelopment Opportunity with Flexible Open Layout
Marketing description
Value-add commercial redevelopment opportunity located on Lakeshore Boulevard in Cleveland, Ohio. This approximately 6,660 SF flex commercial building consists of approximately 4,440 SF on the main level plus an additional 2,220 SF lower level/basement area.
The property features a large open-span layout with high ceilings and flexible configuration potential suitable for contractor showroom use, warehouse/flex space, office conversion, retail, studio space, nonprofit/community use, storage, or owner-user redevelopment.
The lower level includes two existing restrooms, mechanical systems, and additional storage/workspace area. The property requires renovation and updates but presents a compelling opportunity for investors or owner-users seeking low basis and significant upside potential.
Positioned on a high-visibility commercial corridor, the property benefits from strong frontage and exposure along Lakeshore Boulevard. Zoned Local Retail (LR), allowing for a variety of potential commercial uses.
Offered at approximately $21/SF, substantially below replacement cost.
Investment highlights
• Approximately 6,660 SF of usable commercial space including 4,440 SF main level plus 2,220 SF lower level
• Offered at approximately $21/SF, significantly below replacement cost
• Flexible open-span layout suitable for contractor showroom, warehouse/flex, retail, office conversion, studio, nonprofit, or mixed-use redevelopment
• High-visibility location on Lakeshore Boulevard with strong frontage and daily traffic exposure
• Local Retail (LR) zoning allows for a variety of potential commercial uses
• Existing basement infrastructure includes two restrooms, mechanical space, and additional storage/work area
• Vacant building allows immediate access for renovation, redevelopment, or owner-user occupancy
• Strong value-add and sweat-equity opportunity for investors seeking upside potential
• Rare opportunity to acquire a large commercial footprint at a low acquisition basis
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