440-382-4230
3614 Euclid Ave, Cleveland, OH for Sale
Hospitality - FOR SALE
1/5
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3614 Euclid Ave
Cleveland, OH 44115
Midtown Cleveland


HIGHLIGHTS

  • Located in a qualified Opportunity Zone.
  • Potential for retail or cafe space added to building as well.
  • Plug and play opportunity for someone to take on this project.
  • MidTown location benefitting from significant city investment and proximity to the Cleveland Clinic and Downtown.

OVERVIEW

The property spans approximately 110,000 square feet on 2 acres and is currently undergoing a transformation from a 225-room hotel into 135 modern apartments. There is also potential for retail or café space on-site. Located in a qualified Opportunity Zone (OZ), the property offers a variety of community amenities, including beautiful gardens, an outdoor patio, a dog park, a gym, a community room, and a coworking office. The apartments are designed with stylish and functional features such as vinyl plank flooring, high-efficiency lighting, and hotel-inspired design with mid-range finishes. Units include walk-in showers, with tubs available in the two-bedroom layouts, and are equipped with stainless steel appliances, modern white finishes, and internet and USB outlets throughout. Additional features include electronic door locks, new PTAC systems, and individual hot water heaters, ensuring comfort and convenience for residents.

FOR SALE DETAILS

PRICE

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# OF ROOMS

225

CAP RATE

Request Cap Rate

TENANCY

Multiple

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Delta Hotels by Marriott

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

10

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1964

PARKING SPACES

130

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,787 SF

ZONING

GR

APN/PARCEL ID

103-07-008

ASK ABOUT THIS PROPERTY

Jim KrivanekCushman & Wakefield | CRESCO Real EstateMore Info
440-382-4230

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Jim KrivanekCushman & Wakefield | CRESCO Real EstateMore Info
440-382-4230

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.