Contacts
Hanna Commercial Real Estate
Hanna Commercial Real Estate
Property Details
- Property Type Multi-Family
- Property Size 97,920 SF
- Units 126
- Lot Size 2.71 Acre
- Additional Rent Contact for pricing
- Date Updated Dec 4, 2024
- Lakeland Tower stands as an impressive high-rise multifamily property in the heart of Euclid. With 126 units across seven stories, this property offers immediate scale and value in a dynamic rental market.
- Built for Scale: 126 units under one roof with significant operational efficiencies.
- Prime Location: Near local transit, retail, and dining options with easy access to downtown Cleveland.
- Opportunity for Growth: Strong potential for rent increases with capital improvements.
- Attractive Price: $38,000 per unit – well below market value.
- Income Potential: Ideal for value-add investors seeking strong cash flow and appreciation.
- Market Momentum: Situated in a growing rental market with high demand for affordable housing.
- Proximity: Adjacent to 25450 & 25454 Euclid Avenue, creating synergy for buyers looking to expand their local holdings.
- Accessibility: Convenient access to I-90, Cleveland Clinic, University Circle, and downtown Cleveland.
- Population Growth: A vibrant community with increasing demand for multifamily housing.
Reach out to the broker for more info on lease terms and amenities
Getting around
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Location
- City Euclid, OH
- Neighborhood Euclid
- Zip Code 44117
- Market Cleveland Akron
Points of Interest
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Stokes-Windermere Station
5.52 miles
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Superior
6.13 miles
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Coventry
8.06 miles
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Warrensville–Van Aken
8.33 miles
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Buckeye–Woodhill
9.12 miles
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Lake Shore Live Steamers
9.17 miles
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East 79th
9.73 miles
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Marathon
0.73 miles
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Sunoco
0.74 miles
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BP
0.83 miles
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Shell
1.25 miles
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Speedway
1.31 miles
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Leviton
2.47 miles
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ChargePoint
4.31 miles
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Tesla Destination Charger
4.31 miles
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eVgo
5.43 miles
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A. B. Williams parking lot
4.24 miles
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Horse Trailer Parking
4.60 miles
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Wilson Mills Trailhead
5.08 miles
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Colony Square
5.17 miles
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Notre Dame River
5.32 miles
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Hyatt Place Parking Garage
5.52 miles
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Temple on the Heights Parking
5.71 miles
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Hillcrest Hospital Parking Garage
5.73 miles
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Recreation Center parking
5.79 miles
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La Place at Beachwood Place - Garage Parking
5.81 miles
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Fairbridge Hotel
1.30 miles
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Econo Lodge Wickliffe - Cleveland East
1.48 miles
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Quality Inn Wickliffe
1.50 miles
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Courtyard
3.89 miles
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Holiday Inn
4.29 miles
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Noble Motel
4.50 miles
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Town House Motel
4.56 miles
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Four Points
5.08 miles
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Comfort Inn Mayfield Heights Cleveland East
5.19 miles
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Mc Call's Motor Inn
5.21 miles
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Simon's Supermarket
0.26 miles
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Marc's
0.94 miles
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Save-A-Lot
0.96 miles
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Burlington
1.92 miles
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Dave's Market
2.00 miles
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ALDI
2.04 miles
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Highland Food Mart
2.16 miles
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SweetBerry Fresh Market
3.01 miles
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Big Lots
3.99 miles
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Kohl's
4.00 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.