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Commercial For sale Industrial Flex Space

Harvard Industrial

4050 E 116th St FRNT, Cleveland, OH 44105

$299,000
$32 / sq ft 11.37% cap rate Listed May 31, 2026
9,424 sqft
Building
25,356 sqft
Lot
1
Stories
20
Parking
3
Units
Class C
Class

About this property

Harvard Industrial is an industrial for sale in Cleveland, OH, listed at $299,000. Key details: building size 9,424 sqft, lot size 25,356 sqft, stories 1, parking spaces 20. Listed by Alexander Albert on LoopingCloud and last updated May 31, 2026.

See Floor Plan below under Attachments

Shops have 14' ceilings, concrete floors, block walls and sewer taps.
Lighting is LED and natural glass block.
Offices have beautiful stained wood trim and baseboard and tile flooring.

Shop 1 and 2 together are 60' x 30', connected by 10' x 10' openings.
No heater installed but Gas line and heater vent installed, and heat can flow from Shop 3.
Entry is by 42" man door and new 10'8" x 11'6" high roll-up door. 10' x10' opening to shop 3.

Shop 3 is 40' x 30'
Floor drain and water from hose bib.
Gas furnace and AC. Ceiling is insulated.
Entry is by 10' x 12' high electric roll up, and man door from offices.
10' x 10' sliding door to shop 1.
Full bath features sink, toilet room, tiled tub shower, and glass block lighting
45 gal water heater.

Shop 3 Elevated Offices have Central HVAC and insulation,
 15' x 20' room has 2 offices separated by partial wall.
14 110V receptacles
Door to a 10' x 13' insulated room with 4 receptacles.

Option: One or more pre-fab offices  could be removed to increase shop space

Shop 4 is 40' x 30'.
Has a newer 10 x 10' electric roll up with remote and a new 42" man-door
Block walls are white
Floor drain near rollup
Reznor gas furnace.
Door to kitchen, bath and offices.

Shop 5 is 30' x 90'
Front  is concrete but rear is gravel.
10' x 10' roll up door and man-door.
Lighting is by 6 glass large block windows, and 6 overhead floodlights
two 4 ton Lifts spans entire shop on 90' I-beams
3 phase and single phase power meter sockets
Door to kitchen,  bath and offices.
No heater installed but Gas line and heater vent are in place
Large electric vent in center ceiling.


Central Offices have elegant wood trim and tile flooring,
Entry is through a 3.5 ' door. Foyer leads to a hallway connecting 6 offices, 3 shops, kitchen and bath.
Lobby is 16' x 16' with a 12 camera security monitor and glass block lighting.

Open ceiling office is 14' x 10' with track lighting and high ceiling.

Long office, Suite C  is 29 ' x 12' with dropped ceiling. Ideal single office rental with exterior entry on SW corner.
Lighting is glass block, 8 flat panel fluorescents, 2 recessed cans, and a door light.
Door to shared kitchen and bath.

Conference Room is 20 x 12 with a French doors and vaulted ceiling.
Features corner sink, 8 recessed can lights and a chandelier in center.
Quiet away from exterior walls.

Shop 4 Office is 13' x 16' and quiet away from exterior walls. A few steps from Shop 4.

Small 10' x 13' room has stairs to furnace room.
 Maintenance or building manager room.

Kitchen has sink, dishwasher, garbage disposal, and cabinets
stairs lead to 20 gal water heater and security system.

Half bath next to kitchen has toilet and sink

Key highlights

  • Occupied
  • Brokers welcome
  • Auto Repair
  • Manufacturing
  • Retail
  • Storage

Message to brokers and agents

2%

Lending Opportunities

Connect with a mortgage professional to explore financing options and see what you may qualify for.

CompanyLender typeContactPhone
TheLoanProsTeam Mortgage Broker Roxanne Chung (754) 707-5877
Money Solutions, LLC Mortgage Broker Jennifer A. Judice (813) 431-5000

Property details

Key facts

Building Size
9,424 sqft
Lot Size
25,356 sqft
Stories
1
Parking Spaces
20
Total Units
3
Building Class
Class C
Heating & Cooling
Heating Only
Occupied
Yes
Occupancy
30%
Property Status
Normal Sale
Building Status
Existing

Pricing details

Net Operating Income
$34,000
Financing
Third Party Financing
Investment Property
Vacant investment property

Listing terms

Brokers & Realtors
Participation welcome

Investment snapshot

11.37%
Cap rate
$34,000
Net operating income
$32
Price per sq ft

Actual - Cash Flow

Source: Yearly tax returns

Gross incomeNet operating income
$0$12.5K$25K$37.5K$50KGross income $42,000Net operating income $34,0002025
YearGross incomeEffective grossExpensesNOIPre-tax cash flowCap rate
2025$42,000-$8,000$34,000--

Acquisition options

OptionAsking priceCap rateCommissionMonthly incomeOwnership
Purchase Only
Brokers and realtors may participate
$299,000 11% 2% - -

Features and amenities

Property Other Use Types

  • Auto Repair
  • Manufacturing
  • Retail
  • Storage

Location

Address as shown by the lister.

Get directions

About this area - Cleveland

Population
54,834
Housing units
23,123
Land area
9.3 sq mi
County
Cuyahoga

Neighborhood

Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.

Documents, links and contacts

Additional contacts

1 person to reach

Frequently asked questions

What is the asking price of Harvard Industrial?

Harvard Industrial is listed at $299,000. That works out to about $32 per square foot. The stated cap rate is 11.37%.

Where is Harvard Industrial located?

The property is in 4050 E 116th St FRNT, Cleveland, OH 44105, Cuyahoga County.

What type of property is this?

This is an industrial for sale in the commercial category.

How big is the property?

The building is 9,424 sqft. The lot is 25,356 sqft.

Is financing available?

The lister indicates: Third Party Financing.

Who do I contact about this listing?

Alexander Albert listed this property. Use the Request Info button to send a message.

When was this listing published?

It was published on May 31, 2026 and last updated on May 31, 2026.

Listing information

Listing ID
CL-Ohio-27811
Published
May 31, 2026
Last updated
May 31, 2026

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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.

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