BOLIVAR - LoopNet · 2019. 2. 11. · BOLIVAR DOWN-TOWN CLEVE-LAND RESTAURANT & HOSPITALITY...

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7 2 1 BOLIVAR JOSEPH W. KHOURI First Vice President [email protected] 1 216 658 6120 CBRE, INC. 950 Main Avenue, Suites 200 Cleveland, Ohio 44113 1 216 687 1800 Exclusively Listed by: FOR SALE | FOR LEASE DOWNTOWN CLEVELAND

Transcript of BOLIVAR - LoopNet · 2019. 2. 11. · BOLIVAR DOWN-TOWN CLEVE-LAND RESTAURANT & HOSPITALITY...

Page 1: BOLIVAR - LoopNet · 2019. 2. 11. · BOLIVAR DOWN-TOWN CLEVE-LAND RESTAURANT & HOSPITALITY OVERVIEW Opening Soon: STARBUCKS Purposed Spring MARBLE ROOM 2017: Ginza Sushi House East

7 2 1 BOLIVAR

JOSEPH W. KHOURIFirst Vice [email protected] 216 658 6120

CBRE, INC. 950 Main Avenue, Suites 200 Cleveland, Ohio 44113 1 216 687 1800

Exclusively Listed by:

FOR SALE | FOR LEASEDOWNTOWN CLEVELAND

Page 2: BOLIVAR - LoopNet · 2019. 2. 11. · BOLIVAR DOWN-TOWN CLEVE-LAND RESTAURANT & HOSPITALITY OVERVIEW Opening Soon: STARBUCKS Purposed Spring MARBLE ROOM 2017: Ginza Sushi House East

+ 8,000 SF 2-Story Brick Building For Sale or For Lease

+ Purchase Price: $1,149,000

+ 4,000 SF First Floor Main Bar with PartialMezzanine

+ 4,000 SF Second Floor Party Room with Bar/Restrooms/Offices

+ Lot Size: 6,600 SF (.15 AC)

+ Lot Dimensions: 40’ X 165’

+ PPN: 101-29-034

+ 2 Story Brick Building with Flat Composition Roof

+ Rear Parking Lot 8-10 Cars

+ Major Renovations Completed in 2016

+ Roll Up Garage Style Doors on Front Facade

+ All New HVAC Units Installed in 2016

+ All New Sprinkler System Installed in 2016

+ New Multi User Mens and Womens ADA Restroomsin 2016

+ High 16’ ft Ceilings on First Floor Bar Area withMezzanine Area, Approximately 14’ ft Ceilings on the2nd Floor

+ Built in 1920

+ As Built Plans Available in PDF upon request

THE Opportunity

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+ 4,000 SF First Floor Main Bar and Restaurantwith Mezzanine

+ Rent: $22.00 per SF + Utilities

+ Liquor License and FF&E Available

+ Turnkey Bar & Restaurant

FOR LEASE

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TURNKEY BAR & RESTAURANT SPACE (VIcTORY Alley SPORTS GRILLE)

+ 4,000 SF (the entire second floor, walk up usingfront staircase, entrance off Bolivar)

+ Current Configuration: Recently renovated eventspace with open ceiling, bar and walk in cooler,updated restrooms, utilitarian office space, and rawunfinished space (open canvass)

+ Possible conversion into office or showroom

+ Rent: $15.00 PSF Modified Gross + Utilities

SECOND FLOOR OFFICE / CREATIVE SPACE

Opportunity

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A FLAGSHIP RETAIL LOCATION ON EUCLID AVENUE, REVITALIZING MILLIONAIRES ROW

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+ Ideal Owner / Operator or Investor who is looking toacquire property immediately adjacent to ProgressiveField and steps away from Quicken Loans Arena in theheart of the Gateway District

+ 8,000 SF 2-Story Brick Bar & Restaurant Building on.15 Acres, 1st Floor Main Bar and Kitchen Area, 2ndFloor Party Room with Bar and Restrooms

+ Renovated in 2016

+ Extremely Rare Opportunity to Purchase DowntownCleveland Turnkey Bar and Restaurant Property

BOLIVARBOLIVAR7 2 1

40 Feet of frontage

GATEway DISTRICT

EXISTING SPORTS BAR & GRILL

POtential rooftop patio

Page 5: BOLIVAR - LoopNet · 2019. 2. 11. · BOLIVAR DOWN-TOWN CLEVE-LAND RESTAURANT & HOSPITALITY OVERVIEW Opening Soon: STARBUCKS Purposed Spring MARBLE ROOM 2017: Ginza Sushi House East

BO

LI

VA

R R

OA

D

N

FLOOR PLANS

1ST FLOOR

MEZZANINE FLOOR

2ND FLOOR

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Superior A

veVincent Ave

E 6th St

Euclid Ave

Prospect Ave

E 4th St

Huron Ave

Eagle Ave

Ontario St

E 9th St

Carnegie Ave

Summer Ave

Erie Ct

Bolivar Rd

Huron Rd

E 12th St

Chester Ave

E 14th St

E 8th St

Quicken LoansArena “The Q”

Progressive Field

Erie Stre

et

Cemetery

PublicSquare

+ East 4th Street + Progressive Field + The Q + Public Square + The Arcade + 5th Street Arcade

+ Cleveland Convention Center Medical Mart + Playhouse Square + First Energy Stadium + Rock-n-Roll Hall of Fame + Great Lakes Science Center + Northcoast Harbor

+ Progressive Field

+ The Q

+ East 4th Street

+ The Arcade

+ 5th Street Arcade

+ Public Square

+ Jack Cleveland Casino

+ Playhouse Square

+ Cleveland Convention Center Medical Mart

+ First Energy Stadium

+ Rock-n-Roll Hall of Fame

+ Great Lakes Science Center

+ Northcoast Harbor

AREA AMENITIES

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721 BOLIVAR

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DOWNTOWN Cleveland

94,636EMPLOYEES

78,142DAYTIME WORKERS

94%

RESIDENTIAL OCCUPANCY

89%

RETAIL OCCUPANCY

75%

HOTEL OCCUPANCY

18 HOTELS4,647 ROOMS36 MEDIAN AGE 100 RESTAURANTS & CAFES50 NEW RETAILERS 2015 & 20161.6M SF OF RETAIL SPACE48 OFFICE BUILDINGS

16.2M SF OFFICE SPACE 3,335 BUSINESS 1M18,000 RESIDENTS BY 201882,772 DAYTIME POPULATION 1M18M ANNUAL VISITORS$8.1B TOURISM ECONOMIC IMPACT

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.17mi0 mi

ProposedPedestrian

Bridge

nuCLEusDevelopment

TheBeacon

Proposed Lakefront Development

Weston-Citymark

Superblock

Cleveland Convention

Center

Key Tower

200 Public Square

Fifth Third Center

EY Tower

Cleveland One CenterW

3rd

St

To I-90

Lake Erie

E 9th

St

E 18

th S

t

E 17

th S

t

E 18

th S

t

E 24th St

E 21

st S

t

E 12

th S

tE

12th S

t

E 13

th S

t

W 9

th S

t

W 6

th S

t

Center St

W 10

th St

Cuyahoga River

Cuyah

oga R

iver

E 9th St

E 14

th S

t

East 4th St

Huron RdE

6th S

T

Chester Ave

Superior AveW Superior Ave

W Superior Ave

Cart

er R

d

Carter Rd

Scranton Rd

St Clair AveW St Clair Ave

W Huron Rd

Lakeside AveLakeside Ave

Chester Ave

Payne Ave

Euclid Ave

Euclid AveHuron Rd

Prospect Ave

Prospect Ave

Carnegie Ave

Bolivar Rd

Carnegie Ave

Colu

mbu

s Rd

Ontario St

On

tari

o St

2

2

322

20

6

PROGRESSIVEFIELD

WolsteinCenter

QUICKEN LOANS ARENA

FIRST ENERGYSTADIUM

Greater ClevelandAquarium

JacobsPavilion

Galleria at Erieview

Port of Cleveland

Burke Lakefront Airport

CountyCourthouse

Global Center for

HealthInnovation

ClevelandPublicLibrary

TheArcade

ColonialMarketplace

ClevelandPublic

Auditorium

ClevelandCity Hall

Warehouse District

Flats East Bank

Flats West Bank

GatewayDistrict

PlayhouseSquare

CampusDistrict

Public Square

North Coast Harbor

To I-90/I-71/I-77

To I-90

Lake Erie

ConnorPalace

2,800 seats

HannaTheatre550 seats

OutcaltTheatre334 seats

StateTheatre

3,200 seats

OhioTheatre

1,000 seats

AllenTheatre500 seats

HelenTheatre150 seatsWestfield

InsuranceTheatre300 seats

Cuyahoga River

Voinovich Bicentennial Park

RESIDENTIAL

Kennedy'sTheatre100 seats

INTERSTATE

90

CLEVELAND STATE UNIVERSITY17,730 Students

OHIO CITY

OHIO CITY

Superior Ave

Tower City

Center

FederalCourthouse

STARBUCKS

Opening Soon:

STARBUCKS

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DOWN-TOWN

CLEVE-LAND

RESTAURANT &HOSPITALITY OVERVIEW

Opening Soon:

STARBUCKS

MARBLE ROOMPurposed Spring 2017:

Ginza Sushi House

East 4th

Warehouse District

STARBUCKS

Theatre District

Flats East Bank

Public Square

Major Sports Teams Hotel Number

of RoomsAloft 150Comfort Inn 145DoubleTree 379Drury Plaza 189Hampton Inn 194Hilton 600Hilton Garden Inn 240Holiday Inn Express & Suites 141Hyatt Regency 293Kimpton Schofield 122Marriott at Key Center 175Metropolitan at the 9 156Radisson at Gateway 142Renaissance 491Residence Inn 175Ritz-Carlton 205The Westin 484University Hotel 161Wyndham at Playhouse Square 205Total Hotel RoomsDowntown Cleveland

4,647

Page 9: BOLIVAR - LoopNet · 2019. 2. 11. · BOLIVAR DOWN-TOWN CLEVE-LAND RESTAURANT & HOSPITALITY OVERVIEW Opening Soon: STARBUCKS Purposed Spring MARBLE ROOM 2017: Ginza Sushi House East

JOSEPH W. KHOURIFirst Vice [email protected] 216 658 6120

CBRE, INC. 950 Main Avenue, Suites 200 Cleveland, Ohio 44113 1 216 687 1800

Exclusively Listed by:

© 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. Licensed Real Estate Broker.

First Floor Main Bar

Second Floor PARTY ROOM

First Floor Main Bar

Bolivar Road Main Entrance & PATIO

Second Floor PARTY ROOM Second Floor PARTY ROOMSecond Floor PARTY ROOM

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FOR SALE | FOR LEASEDOWNTOWN CLEVELAND