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Fraternal Order of Police 2249 Payne Ave

12,516 SF Flex Building Cleveland, OH 44114 $700,000 ($56/SF)

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Investment Highlights

Front Office with Vestibule, offices & restrooms, side hall
Roll Up Door

Large hall (seats 150-200) with restrooms, full kitchen, storage, coat room & bar

Executive Summary

12,516 sf on .50 acres, ideal uses: lodge, meeting hall, event venue, office, storage, 6 cars parking in back lot and street parking on Payne Ave. and E. 23rd. Building layout
- Front office with vestibule
- Offices and restrooms
- Side hall includes offices and separate rear entrance
- Rear has separate vestibule entrance
- Large hall (seats 150-200) with restrooms, full kitchen, storage, coat room and bar
• Furnace replaced in 2021
• Roll up door on E. 23rd St.
• No basement

2249 Payne Avenue-Cleveland 7-22-24

Property Facts

Price	$700,000	Lot Size	0.30 AC
Price Per SF	$56	Rentable Building Area	12,516 SF
Sale Type	Owner User	No. Stories	1
Property Type	Flex	Year Built	1948
Property Subtype	Telecom Hotel/Data Hosting Flex Research & Development Flex Showroom FlexLight Distribution	Parking Ratio	0.48/1,000 SF
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$700,000
Price Per SF	$56
Sale Type	Owner User
Property Type	Flex
Property Subtype	Telecom Hotel/Data Hosting Flex Research & Development Flex Showroom FlexLight Distribution
Building Class	C
Lot Size	0.30 AC
Rentable Building Area	12,516 SF
No. Stories	1
Year Built	1948
Parking Ratio	0.48/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Gas - Natural
Water - City
Sewer - City
Heating

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Walk Score®

Very Walkable (86)

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PROPERTY TAXES

Parcel Number	102-25-042	Improvements Assessment	$94,050 (2023)
Land Assessment	$42,000 (2023)	Total Assessment	$136,050 (2023)

PROPERTY TAXES

Parcel Number

102-25-042

Land Assessment

$42,000 (2023)

Improvements Assessment

$94,050 (2023)

Total Assessment

$136,050 (2023)

zoning

Zoning Code	SI
SI

(216) 218-0259

Contacts

Terry Coyne
Claire Coyne
Newmark

Listing ID: 32462207
Date on Market: 7/15/2024
Last Updated:
Address: 2249 Payne Ave, Cleveland, OH 44114

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