Active
12388 Cleveland Avenue NW
Uniontown OH, 44685
$590,000
$98.37 per sqft
Active
5,998 sqft
Commercial
Built in 1943
Nearly 6,000 Office Building on Cleveland Ave in Lake Township with 1.1 Acre Property. Excellent exposure with 107 ft Frontage, zoned C1 and a Traffic Count of nearly 10,000 cars per day! Current occupant to maintain on long-term lease on a portion of the building. There is further rental potential with 3 full levels, all with private entrances. The Main Level features an Entrance Area with 2 Story Foyer, Reception Desk, 2 Large Conference Rooms, Waiting Room, Grand Office with Fireplace, Front Office, Filing/Storage/Technology Area and a Half Bath. The Upper-Level features 5 Office Spaces, Reception Hall Area and a Filing/Storage/Technology Area. The Garden Level features 3 Offices, 2 Entrance Halls, a Meeting Area, Storage Area, Breakroom Area, 2 Half Baths and 3 Utility Areas. The entire building has beautiful details including natural woodwork, wood paneled walls, hardwood flooring and bright windows allowing natural light. The building was renovated in 1991 and has updated electrical. There are 2 Furnaces and newer Central Air with Zoned Capabilities. The parking lot and landscaping were updated in 2023. The roof is less than 10 years old with 25-year shingles. Once fully leased, this property has a potential for an 11%+ Cap Rate. This is the perfect opportunity for a business looking to have a presence in Lake Twp or for an investor looking for a strong Cap Rate and future potential. Please reach out for your private showing!
5073656
MLSⓇ ID
October 2, 2024
Listed
November 22, 2024
Updated
Map
12388 Cleveland Avenue NW
Uniontown OH, 44685
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air, Gas
Exterior/Building Features
Lot Size
1.1 Acres
Roof
Asphalt, Fiberglass
Sewer
Septic Tank
School Information
School District
Lake LSD Stark- 7606
Other Property Details
Taxes
$7,454
Tax Frequency
Annually
Days on Market
2
Garage
No
Parking
Additional Parking, Circular Driveway, Common, Driveway, Guest, Gravel, Parking Lot
Parking Total
20
View
No
County
Stark
Municipality
Lake Twp
Water Source
Public
Pool
No
Courtesy of High Point Real Estate Group
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