Investment Property Active
For Sale
  • Multifamily

    • Masonic Corner Block

    1637 Lee Road, Cleveland, OH 44118 United States
    Investment Property Active
    For Sale
  • Multifamily

    • Masonic Corner Block

    1637 Lee Road, Cleveland, OH 44118 United States
    Building Size
    86,529 SF
    Lot Size
    1.27 Acres
    Construction Status
    Existing
    Building Size
    86,529 SF
    Lot Size
    1.27 Acres
    Construction Status
    Existing

    OVERVIEW

    This offering presents a rare opportunity to acquire a historic mixed-use portfolio in the heart of Cleveland Heights, consisting of four buildings totaling approximately 86,529 rentable square feet. The portfolio includes 26 apartment units, 14 retail storefronts, and 11 office suites, providing investors with a diversified income stream across residential, retail, and office uses. Located along the highly active Lee and Mayfield Road corridors, the properties benefit from strong visibility and proximity to major demand drivers including University Circle, University Hospitals, Cleveland Clinic, and Little Italy.
    Currently 75% occupied, the asset offers a clear value-add potential through lease-up of vacant office space (or conversion to more apartments), rent growth, and operational efficiencies. Recent capital improvements and a concentration of triple-net retail leases further enhance stability, while the portfolio’s prime location positions investors to capitalize on continued growth and long-term appreciation in one of Greater Cleveland’s most desirable urban submarkets.

    CONTACT

    Key Features
    • This offering presents a rare opportunity to acquire a historic mixed-use portfolio in the heart of Cleveland Heights, consisting of four buildings totaling approximately 86,529 rentable square feet. The portfolio includes 26 apartment units, 14 retail storefronts, and 11 office suites, providing investors with a diversified income stream across residential, retail, and office uses. Located along the highly active Lee and Mayfield Road corridors, the properties benefit from strong visibility and proximity to major demand drivers including University Circle, University Hospitals, Cleveland Clinic, and Little Italy.
    • Currently 75% occupied, the asset offers a clear value-add potential through lease-up of vacant office space (or conversion to more apartments), rent growth, and operational efficiencies. Recent capital improvements and a concentration of triple-net retail leases further enhance stability, while the portfolio’s prime location positions investors to capitalize on continued growth and long-term appreciation in one of Greater Cleveland’s most desirable urban submarkets.

    Details

    Building Size:
    86,529 SF
    Sale Price:
    Contact us for pricing
    Lot Size:
    1.27 Acres
    Construction Status:
    Existing

    CONTACT

    Masonic Corner Block

    LOCATION

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