Property Listing No Longer Available for Sale

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
UpdatedDecember 17th, 2016
TypeIndustrial
Price$350,000
Building16,443 Sq. Ft.
Land1 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

* Email for additional photos


Financials

Sales Info:

>> Cap rate: 11.72%

>> Commision split: 50.0%

>> NOI: $41010


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