Contacts
Hoff & Leigh
Property Details
- Property Type Multi-Family
- Property Size 17,424 SF
- Cap Rate % 6
- Additional Rent Contact for pricing
- Date Updated Dec 13, 2024
Rare opportunity to own one of the newest mixed-use residential buildings in the rapidly growing Theater District. 1224 Huron Road, AKA: Starr Piano Lofts, was the 2018 Downtown Cleveland Alliance Development award recipient.
Starr Piano Lofts in PLAYHOUSE SQUARE, CLEVELAND, OHIO: Hoff & Leigh is proud to offer the newest mixed-use, 9 residential & 1 retail unit, The Starr Piano Lofts. Located at 1224 Huron Ave, Cleveland, OH 44115, in the Playhouse Square / Theater District. Offered for Sale: 3,300,000. The Starr Piano Lofts is an award-winning historical renovation and consists of 3 one-bedroom & one-bath units and 6 two-bedroom & two-bath units, all with in-suite laundry. Three units overlooking Playhouse Square. The property is a solid fully leased investment opportunity with upside potential!
Storage lockers and parking can provide additional income. Excellent location, one block from E 9th Street, all major sports arenas and at the corner of the RTA Health-Line. Owner paid trash removal and water / sewer; tenant paid electric only.
Projected NOI at increased market rates at $192,032 or a 6% cap at the asking price of $3,300,000. Currently the property is 100% occupied!
Reach out to the broker for more info on lease terms and amenities
Getting around
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97/100
Walk Score ®
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75/100
Transit Score ®
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62/100
Bike Score ®
Location
- City Cleveland, OH
- Neighborhood Downtown Cleveland
- Zip Code 44115
- Market Cleveland Akron
Points of Interest
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South Harbor
0.70 miles
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East 9th–North Coast
0.74 miles
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Cleveland Amtrak
0.81 miles
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Settlers Landing
0.96 miles
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East 55th
2.09 miles
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East 79th
2.89 miles
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Buckeye–Woodhill
3.53 miles
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West Boulevard–Cudell
3.88 miles
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Superior
4.96 miles
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Coventry
5.22 miles
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BP
0.31 miles
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Shell Gas Station
0.84 miles
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Sunoco
1.03 miles
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Quincy Gas
1.36 miles
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Marathon
1.45 miles
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Tesla Supercharger
7.45 miles
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The Halle Garage
0.04 miles
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PlayhouseSquare Parking
0.18 miles
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Reserve Square Parking
0.23 miles
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West Garage
0.23 miles
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Huntington Garage
0.24 miles
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1100 Superior Garage
0.28 miles
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Gateway East
0.28 miles
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Central Garage
0.34 miles
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Fifth Third Center
0.35 miles
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515 Garage
0.37 miles
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Crown Plaza Cleveland at Playhouse Square
0.04 miles
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Metropolitan at The 9, Autograph Collection
0.17 miles
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The Kimpton Schofield Hotel
0.21 miles
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Comfort Inn
0.23 miles
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Hotel Indigo Cleveland Downtown
0.29 miles
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Hilton Garden Inn
0.29 miles
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Holiday Inn Express
0.31 miles
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Residence Inn Cleveland Downtown
0.34 miles
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Hampton Inn Cleveland Downtown
0.37 miles
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Hyatt Regency Cleveland at The Arcade
0.42 miles
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Heinen's
0.18 miles
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5th Street Arcades
0.34 miles
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Galleria at Erieview
0.49 miles
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CGX
0.59 miles
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Tower City Center
0.60 miles
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Coast Guard Exchange
0.82 miles
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Park to Shop
0.88 miles
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Constantino's Market
0.96 miles
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Dave's Markets - Ohio City
1.59 miles
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Dave's
1.87 miles
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Hoff & Leigh
