Descripción del negocio

Rare opportunity to acquire a fully leased, income-producing commercial building in one of downtown Cleveland's most active and historically significant entertainment corridors. This two-story brick bar and lounge building offers 10,226 square feet of fully built-out hospitality space across two separate tenant floors, plus a full basement — all within a vibrant mixed-use urban district anchored by restaurants, bars, live entertainment venues, and a growing residential population.
 
Both floors are leased under separate five-year NNN agreements, generating $156,000 in combined gross rental income in Year 1, with built-in annual escalations through 2029. Under the net lease structure, tenants are responsible for real estate taxes, insurance, utilities, and routine maintenance — creating a low-management, passive income profile for the buyer.
 
The seller is currently completing renovations on the first floor, with the ground-floor bar and lounge concept on track to reopen within approximately 60 days. Renovation planning for the second-floor tenant space is also underway, with an opening timeline to be determined.

Real estate included is listed and represented by Realty Professionals, a licensed Ohio real estate brokerage. Cooperation with qualified brokers will be considered.  Realty Professionals serves as our designated real estate brokerage partner for business sale transactions involving real estate. The same strict confidentiality and private marketing standards applicable to the business sale will also apply to the real estate component of the transaction.

This offering is listed through business brokerage channels with full confidentiality protections in place. Prospective buyers are required to execute a Non-Disclosure Agreement, complete a buyer profile, and engage directly with the listing broker before receiving detailed financial disclosures, tenant information, or specific property identification. The listing price reflects primarily the real estate value.