18515 Underwood Avenue Cleveland, OH 44119
Office
MLS #: 5206020
Courtesy Of EXP Realty
Property InformationDescription
18515 Underwood Avenue is a fully renovated mixed-use property comprising two buildings on a single parcel in Cleveland's North Collinwood neighborhood. The property totals +/-4,350 GSF and is offered for sale at $315,000. 18519 Underwood is a two-story multi-tenant office building with +/-2,800 GSF spread across the main floor and lower level, configured with 10 individual offices, a shared kitchen on the main floor, and a shared conference room on the lower level. Five offices are currently leased on gross terms; five remain available at published asking rates. 18515 Underwood is a separate fully renovated single-tenant building with +/-1,550 GSF across the first and second floors. Most recently rented at $2,550 per month, it is currently vacant and offers flexibility for use as a residential rental, professional office, or medical/clinic operation under Residence-Office District zoning. The property is positioned for either an owner-operator who occupies one building while collecting income from the other, or an investor seeking a turnkey cash-flowing asset with lease-up upside. Sold together with 13-15 on-site surface parking spaces.
Features
- Age: Over 50 Years Old
- Cooling System: Central Air
- Heating System: Heat Pump (Heating)
- Legal Description: 14 S/L 1604 TO 1607 ALL 11424043
- MLSID: 5206020
- Parking Spaces: 13
- Rooms: Basement
MAP & DIRECTIONS
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