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15619-15621 Waterloo Rd
Cleveland, OH 44110
Retail Property For Sale
Investment Highlights
- 2-story former bank building: approx. 5,636 SF above grade + 2,749 SF unfinished basement on 0.42-acre lot (18,391 SF) with on-site parking
- Situated in the Waterloo Arts District, one of Cleveland's most active neighborhood revitalization corridors, near RTA Blue/Green Line
- North Collinwood corridor incentives – Federal Opportunity Zone, Cleveland “Opportunity Neighborhood” Tax Abatement, OH Fed & Historical Tax Credits
- Built 1927 - historic brick construction with classic bank-era architectural character
- Multitenant Retail & Office: Adaptive reuse potential as restaurant, event venue, creative office, brewery, gallery, or mixed-use
- Immediate neighbors include Beachland Ballroom (15711 Waterloo), Cleveland Food Bank (15500 Waterloo), and a growing cluster of galleries, restaurants
Executive Summary
LR zoning – Retail sales, cafes, restaurants, bars, business offices, retail services (barber, dry cleaning, storefront retail), multifamily residential (overlay district). Multitenant Retail & Office: Adaptive reuse potential as restaurant, event venue, creative office, brewery, gallery, or mixed-use. North Collinwood corridor incentives – Federal Opportunity Zone, Cleveland “Opportunity Neighborhood” Tax Abatement, OH Fed & Historical Tax Credits.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
8,385 SF
Building Class
C
Year Built
1927
Price
$528,180 CAD
Price Per SF
$62.99 CAD
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.46
Lot Size
0.42 AC
Zoning
LOCAL RETAIL - Retail sales/services, cafes/restaurants/bars, business/creative offices, multifamily residential, event venue, brewery, gallery, or mixed-use.
Parking
5 Spaces (0.6 Spaces per 1,000 SF Leased)
Frontage
49’ on Waterloo Rd
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 113-16-029 | Improvements Assessment | $90,652 CAD |
| Land Assessment | $18,170 CAD | Total Assessment | $108,821 CAD |
Property Taxes
Parcel Number
113-16-029
Land Assessment
$18,170 CAD
Improvements Assessment
$90,652 CAD
Total Assessment
$108,821 CAD
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