18515 Underwood Avenue | Cleveland
18515 Underwood Avenue is a fully renovated mixed-use property comprising two buildings on a single parcel in Cleveland\u0027s North Collinwood neighborhood. The property totals \u00B14,350 GSF and is offered for sale at $315,000.\r\n\r\n18519 Underwood is a two-story multi-tenant office building with \u00B12,800 GSF spread across the main floor and lower level, configured with 10 individual offices, a shared kitchen on the main floor, and a shared conference room on the lower level. Five offices are currently leased on gross terms; five remain available at published asking rates. \r\n\r\n18515 Underwood is a separate fully renovated single-tenant building with \u00B11,550 GSF across the first and second floors. Most recently rented at $2,550 per month, it is currently vacant and offers flexibility for use as a residential rental, professional office, or medical/clinic operation under Residence-Office District zoning. \r\n\r\nThe property is positioned for either an owner-operator who occupies one building while collecting income from the other, or an investor seeking a turnkey cash-flowing asset with lease-up upside. Sold together with 13\u201315 on-site surface parking spaces. MLSNow 5206020 Directions to property: Turn east off E185 @ the BP/7-11. Parking in the front is limited, street parking available, large parking lot in rear of buildings.
Information deemed reliable but not guaranteed. Zid Realty & Associates is a member of the National Association of REALTORS® Equal Housing Opportunity