1455-1457 East 357th Street
Eastlake, OH
Industrial for Sale - $350,000 - 16,443 Sq. Ft. on 1 acres
Property Info
CIMLS# | 873804 |
Location 1455-1457 East 357th Street Eastlake OH 44095 | |
Updated | December 17th, 2016 |
Type | Industrial |
Price | $350,000 |
Building | 16,443 Sq. Ft. |
Land | 1 acres |
Property Description
Multi-Tenant Industrial/Warehouse property including 4 entrances and 3 drive-in doors. Former Auto Body Shop Available. Ideally located in the heart of the Industrial/Commercial area of Eastlake.
Location Description:
Property is located approximately 30 minutes from downtown Cleveland, Ohio, close to the intersection of Vine Street and Route 91, a major intersection in Eastlake, Ohio. At that intersection is the Lake Erie Captains' minor league baseball stadium. This intersection is a quarter of a mile from Route 2, which is an expressway that leads to I 90 and I 271. Vine Street is also an exit off Route 2 to the east of the property. Effectively, East 357th Street is served by two prominent freeway interchanges. The property is surrounded by numerous retail establishments on Vine Street and other industrial users on side streets off Vine Street.
Highlights:
>> Former Auto Body Shop available - 5100 sq. ft. for user-investor
>> Income from second tenant pays mortgage on purchase of property
>> 16443 sq.ft of Industrial/Warehouse space
>> Ideally located in heart of Eastlake's industrial/commercial area
>> Served by two interchanges off Route 2
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Financials
Sales Info:
>> Cap rate: 11.72%
>> Commision split: 50.0%
>> NOI: $41010