Incredible investment opportunity with reliable and immediate cash flow per climbing gym lease!! This historic Masonic Temple, 29,000+ square feet has been repurposed as a highly acclaimed rock climbing gym. The rooftop atrium spans 54 feet high. 2,500 sq ft of commercial space includes 1,500 sq ft commercial kitchen. Owner is in early stage talks with an experienced local brewer and restaurateur about signing a long term lease with no owner funded TI's. New experienced GM and head route setter, who are influencers in the Rock Climbing community have been hired on the team. In just a short period of time membership has already begun to grow. Stabilized gyms of this size and quality should generate over $1 mm in EBITDAR, representing a tremendous upside. With close proximity to sports arenas, highways, Lake Erie's Edgewater beach, Whiskey Island marina, West Bank Flats waterfront district, some of Cleveland's top restaurants located throughout Hingetown and W. 25th and nearby new multifamily development including high end luxury townhomes and apartments! Call the listing agent for more information and a tour!
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