2831 Franklin Boulevard, Cleveland, OH, 44113

2831 Franklin Boulevard Cleveland, OH 44113

2831 Franklin Boulevard, Cleveland, OH, 44113
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FOR SALE
Property Type:
Other Hospitality
Amount:
$5,400,000
Last Verified:
Aug 31, 2023


Description

Introducing a once-in-a-lifetime opportunity to own a truly
remarkable piece of history, located a stone's throw from
Downtown Cleveland. Presenting the iconic Masonic Temple, an
architectural gem that has been meticulously transformed into a
multi-purpose haven that exudes charm and potential at every
turn. This historic masterpiece has been thoughtfully
repurposed as a highly acclaimed rock climbing gym. Scale the
soaring walls that reach an impressive height of 54 feet and
marvel at the artfully converted rooftop atrium where sunlight
streams through. Spanning an incredible 30,000 square feet, the
building boasts a perfect blend of finished and unfinished
space, allowing for a myriad of possibilities. The building
offers a wealth of options, including
multiple office spaces, conference rooms for productive
collaborations, studio for artistic endeavors or yoga/cycle
enthusiasts, potential gym or speakeasy, and a commercial
kitchen, restaurant space included. Private entrances and
parking available.
Over the past 11 months of operation, the owner / operator has generated $25,000 per month in EBITDA , providing a reliable and immediate cash flow. New experienced GM and head route setter, who are influencers in the Rock Climbing community have been hired on the team. In just a short period of time membership has already begun to grow. Stabilized gyms of this size and quality should generate over $1 mm in EBITDAR, representing a tremendous upside. With close proximity to sports arenas, highways, Lake Erie's Edgewater beach, Whiskey Island marina, West Bank Flats waterfront district, some of Cleveland's top restaurants located throughout Hingetown and W. 25th and nearby new multifamily development including high end luxury townhomes and apartments! Call the listing agent for more information and a tour!

The Ohio City Masonic temple is a 30,000 sqft historical commercial real estate project located at 2831 Franklin Blvd, Cleveland, Ohio, 44113, the premier neighborhood in Cleveland,Oh; called Ohio City.


Year Built: 1934
Building Size: 29000sq ft
Lot Size: 0.4 acres


Documents

Sale Brochure (NEW)

Map of 2831 Franklin Boulevard, Cleveland, OH, 44113

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.