Type: Company
Price: $5,000,000
Location: Cleveland, Ohio
Address: 2831 Franklin Boulevard, Cleveland, OH, 44113
Zip: 44113
Size: 29073 square feet
Property size: 29181 square feet
Condition: Used
For sale by: Broker
Agent: Laurisa Rosado
Incredible investment opportunity with reliable and immediate cash flow per climbing gym lease.
This historic Masonic Temple, 29,000 square feet has been repurposed as a highly acclaimed rock climbing gym with a 54 ft high rooftop atrium. Stabilized gyms of this size and quality should generate over $1 mm in EBITDAR, representing a tremendous
upside. Located in the heart of Ohio City. Ohio City has had recent development in high end luxury townhomes and apartments. Housing demand is on an increase in this area as well as storefront vacancy decreasing from 34% to 2% in the last 3 years. Additional commercial space includes; (unfinished) commercial kitchen/dining area with private entrance or a (speakeasy), (partial finish) gym space, (finished) yoga/cycle studio, finished and unfinished office space.
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