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2900 Detroit Ave - Van Roy Building 9,820 SF Office Condo Unit Offered at $2,400,000 in Cleveland, OH 44113
INVESTMENT HIGHLIGHTS
- Exceptional restoration of a historic building in a premier location.
- High profile signage location on building and additional signage opportunity with Route 2 highway visibility.
- Includes 8 reserved parking spaces and conveniently located on the RTA Bus Line.
- Minutes to Ohio City & West 25th Street.
EXECUTIVE SUMMARY
2900 Detroit Avenue consists of office condos. The property offers high profile signage with an additional signage opportunity for visibility on I-90.
PROPERTY FACTS
| Price | $2,400,000 | Floors | 3 |
| Unit Size | 9,820 SF | Typical Floor Size | 10,000 SF |
| No. Units | 1 | Year Built | 1900 |
| Total Building Size | 30,000 SF | Lot Size | 0.29 AC |
| Property Type | Office (Condo) | Parking Ratio | 0.5/1,000 SF |
| Sale Type | Investment or Owner User | Opportunity Zone |
Yes
|
| Building Class | B |
| Price | $2,400,000 |
| Unit Size | 9,820 SF |
| No. Units | 1 |
| Total Building Size | 30,000 SF |
| Property Type | Office (Condo) |
| Sale Type | Investment or Owner User |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 10,000 SF |
| Year Built | 1900 |
| Lot Size | 0.29 AC |
| Parking Ratio | 0.5/1,000 SF |
| Opportunity Zone |
Yes |
1 UNIT AVAILABLE
Unit 2nd Floor
| Unit Size | 9,820 SF | Cap Rate | 5.30% |
| Price | $2,400,000 | NOI | $127,200 |
| Price Per SF | $244.40 | No. Parking Spaces | 8 |
| Condo Use | Office | APN/Parcel ID | 003-13-302 |
| Sale Type | Investment or Owner User |
| Unit Size | 9,820 SF |
| Price | $2,400,000 |
| Price Per SF | $244.40 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.30% |
| NOI | $127,200 |
| No. Parking Spaces | 8 |
| APN/Parcel ID | 003-13-302 |
DESCRIPTION
9,820 square foot second floor A+ office condo in Ohio City.
SALE NOTES
The Van Roy Building, located at 2900 Detroit Avenue, is a 9,820-square-foot commercial and office condo situated in the vibrant urban residential neighborhood of Hingetown. Part of the larger Ohio City neighborhood, The Van Roy Building exemplifies the Romanesque Revival industrial architecture style.
With its convenient access to downtown Cleveland, Ohio City’s Market
District, Gordon Square, and Route 2, The Van Roy Building presents a unique alternative to
traditional downtown office spaces.
2nd Floor Condo - Floor Plan
ZONING
| Zoning Code | LR (Office) |
| LR (Office) |
Presented by
2900 Detroit Ave - Van Roy Building
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