2831 Franklin Boulevard, Cleveland, OH for sale

Investment Overview

Introducing a once-in-a-lifetime opportunity to own a truly remarkable piece of history, located a stone's throw from Downtown Cleveland. Presenting the iconic Masonic Temple, an architectural gem that has been meticulously transformed into a multi-purpose haven that exudes charm and potential at every turn. This historic masterpiece has been thoughtfully repurposed as a highly acclaimed rock climbing gym. Scale the soaring walls that reach an impressive height of 54 feet and marvel at the artfully converted rooftop atrium where sunlight streams through. Spanning an incredible 30,000 square feet, the building boasts a perfect blend of finished and unfinished space, allowing for a myriad of possibilities. The building offers a wealth of options, including multiple office spaces, conference rooms for productive collaborations, studio for artistic endeavors or yoga/cycle enthusiasts, potential gym or speakeasy, and a commercial kitchen, restaurant space included. Private entrances and parking available. Over the past 11 months of operation, the owner / operator has generated $25,000 per month in EBITDA , providing a reliable and immediate cash flow. 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!