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Retail Spaces for Sale in Ohio, USA

More details for 11815-11837 Lorain Ave, Cleveland, OH - Multifamily for Sale

The Variety Theater - Historic Development Op - 11815-11837 Lorain Ave

Cleveland, OH 44111

  • Retail Space
  • Multifamily for Sale
  • $1,162,486 CAD
  • 35,441 SF
  • Air Conditioning
  • 24 Hour Access
  • Kitchen
  • Smoke Detector

Cleveland Multifamily for Sale - Southwest

Value-add investors and developers are invited to discover this incredible high-profile revitalization or redevelopment opportunity of The Variety Theater, at 11815-11837 Lorain Avenue in the Jefferson neighborhood of Cleveland, Ohio. This historic property features a 20,675-square-foot auditorium, multiple retail suites fronting Lorain Avenue and second floor apartments, totaling ~33,323 square feet. The former Variety Theatre, nestled on the near-Westside of Cleveland, presents an exciting opportunity for a mixed-use redevelopment. With its iconic architecture and rich history, the theater is primed for repositioning. As demand for both residential and entertainment spaces continue to grow in Northeast Ohio, transforming the theater into a venue for concerts, events, weddings, and entertainment could fill a critical gap in the mid-market sector. Currently, the Variety Theatre offers five retail storefronts totaling 6,455 square feet of versatile space. The building’s direct frontage to Lorain Avenue provides the spaces with impressive exposure to nearly 30,000 daily vehicles. The spaces are ideal for coffee shops, restaurants, record stores, or other boutique retail uses. The property’s upper level contains 12 studio apartment units with a unique point of entry. The spaces offer the optionality for conversion into creative suites or a boutique hotel. The units all enjoy access to a private green room with a kitchen, a bathroom, and its own private entryway. The theatre space was originally designed to accommodate 1,900 patrons, including a 350-seat balcony and an orchestra pit. The space can be transformed into a state-of-the-art performing arts venue and event space with a focus on live music, dance, theatre, and private events such as weddings, conferences, and community gatherings. A key advantage of this project is the property’s status as a historic landmark, as well as the approval of a federal historic tax credit (HTC) award ($1.6 million), a state HTC award ($1.4 million), and the availability of completed architectural plans. These factors save time and resources, streamlining the development process. Redeveloping the Variety Theatre into an entertainment venue offers a compelling investment opportunity to restore a historic landmark while meeting the community’s evolving needs. This project holds the potential to enrich Cleveland’s cultural landscape, generate returns, and preserve the legacy of a cherished institution.

Contact:

Cushman & Wakefield | CRESCO Real Estate

Property Subtype:

Apartment

Date on Market:

2025-01-07

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More details for 4949 N Union Rd, Dayton, OH - Retail for Sale

Price Improved! - 4949 N Union Rd

Dayton, OH 45426

  • Retail Space
  • Retail for Sale
  • $586,713 CAD
  • 3,390 SF
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More details for 3708-3710 & 3724 Cleveland Avenue – for Sale, Columbus, OH

3708-3710 & 3724 Cleveland Avenue

  • Retail Space
  • Mixed Types for Sale
  • $2,324,971 CAD
  • 3 Properties | Mixed Types
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More details for 25 Madison St, Leetonia, OH - Retail for Sale

25 Madison St

Leetonia, OH 44431

  • Retail Space
  • Retail for Sale
  • $175,057 CAD
  • 3,084 SF
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More details for 11699 Brookpark Rd, Parma, OH - Office for Sale

11699 Brookpark Rd

Parma, OH 44130

  • Retail Space
  • Office for Sale
  • $4,444,798 CAD
  • 36,600 SF
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More details for 5301 Seventy-six Dr, Youngstown, OH - Retail for Sale

5301 Seventy-six Dr

Youngstown, OH 44515

  • Retail Space
  • Retail for Sale
  • $750,829 CAD
  • 1,680 SF
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More details for 2555 Miamisburg-Centerville Rd, Dayton, OH - Retail for Sale

2555 Miamisburg-Centerville Rd

Dayton, OH 45459

  • Retail Space
  • Retail for Sale
  • $4,513,179 CAD
  • 6,528 SF
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More details for 5650 Tylersville Rd, Mason, OH - Retail for Sale

5650 Tylersville Rd

Mason, OH 45040

  • Retail Space
  • Retail for Sale
  • $3,350,694 CAD
  • 14,325 SF
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More details for 326 W Main Rd, Conneaut, OH - Retail for Sale

326 W Main Rd

Conneaut, OH 44030

  • Retail Space
  • Retail for Sale
  • $355,447 CAD
  • 5,760 SF
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More details for 8787 Owenfield Dr, Powell, OH - Retail for Sale

Del Taco - Absolute NNN Lease - 8787 Owenfield Dr

Powell, OH 43065

  • Retail Space
  • Retail for Sale
  • $4,139,816 CAD
  • 2,459 SF
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More details for 8823 Owenfield Dr, Powell, OH - Retail for Sale

Another Broken Egg Cafe - Absolute NNN - 8823 Owenfield Dr

Powell, OH 43065

  • Retail Space
  • Retail for Sale
  • $4,026,850 CAD
  • 5,040 SF
  • Air Conditioning

Powell Retail for Sale - Outlying Delaware County

The Snyder Carlton National Net Lease Team is pleased to offer to investors an excellent opportunity to acquire the single tenant absolute NNN leased Another Broken Egg Cafe in Powell, OH. Another Broken Egg Cafe operates over 100 restaurants across 15 states with nearly 100 additional locations in the development pipeline. This rapidly expanding franchise was named #2 in “Fast Growing Breakfast Chains You’re About to See Everywhere” (Eat This, Not That!) and #2 in “Breakfast and Brunch” by Entrepreneur (2021). The new triple net lease has a 20-year primary term with three 5-year option periods, zero landlord responsibilities and 10% rental increases every 5 years making this asset ideal for an investor seeking passive cash flows for years to come. The newly renovated 5,068 SF building on 1.23-acre parcel is strategically positioned as a Home Depot outparcel with combined traffic counts exceeding 49,700 VPD. Nearby retailers Include Walmart Supercenter, The Home Depot, BJ’s Wholesale Club, Meijer, ALDI, Bank of America, Chase Bank, McDonald’s, Chipotle, Starbucks and more. The 1,200-acre Polaris Center of Commerce is only two miles from the subject property and is Columbus’ premier destination for shopping, dining, entertaining, working and living. Polaris Fashion Place, a 1.47MM SF super regional mall, sees over 10.3 million visitors annually and is one of the largest malls in the Midwest. Additionally, JPMorgan Chase recently completed renovations on their state-of-the-art 2 million SF Polaris Campus with over 12,000 employees.

Contact:

Colliers

Property Subtype:

Restaurant

Date on Market:

2024-11-14

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More details for 12090 Mason Montgomery Rd, Cincinnati, OH - Retail for Sale

Golden Corral - 12090 Mason Montgomery Rd

Cincinnati, OH 45249

  • Retail Space
  • Retail for Sale
  • $2,721,584 CAD
  • 9,952 SF
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More details for 910 S Main St, Englewood, OH - Retail for Sale

Freddy's | New 20yr Abs NNN w/ Incrs - 910 S Main St

Englewood, OH 45322

  • Retail Space
  • Retail for Sale
  • $3,892,275 CAD
  • 2,788 SF
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More details for 970 Copley Rd, Akron, OH - Retail for Sale

Family Dollar: Akron, OH - 970 Copley Rd

Akron, OH 44320

  • Retail Space
  • Retail for Sale
  • $1,706,802 CAD
  • 10,645 SF
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More details for 3826 US Highway 23, Portsmouth, OH - Retail for Sale

KFC/Taco Bell | 15+yrs Remaining Abs NNN - 3826 US Highway 23

Portsmouth, OH 45662

  • Retail Space
  • Retail for Sale
  • $3,207,092 CAD
  • 2,913 SF
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More details for 1425 N 21st St, Newark, OH - Retail for Sale

1425 N 21st St

Newark, OH 43055

  • Retail Space
  • Retail for Sale
  • $5,094,422 CAD
  • 14,560 SF
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