216-877-4235
925 Euclid Ave, Cleveland, OH for Sale
Office - FOR SALE
1/25
null | Request Cap Rate

925 Euclid Ave
Cleveland, OH 44115
Playhouse Square


HIGHLIGHTS

  • Located in Cleveland’s Central Business District (CBD) and Opportunity Zone, supporting Transformational Mixed-Use Development (TMUD).
  • Rare opportunity to acquire a generational, irreplaceable downtown asset with substantial scale.
  • Certain developer tax credits are currently available along with the redevelopment opportunity.
  • Well-suited for large-scale civic, commercial, or mixed-use uses. One of Cleveland’s most architecturally significant structures.
  • Grand, historic banking hall - the largest bank lobby in the world.
  • Excellent access to public transit, major employment centers, cultural, and entertainment destinations.

OVERVIEW

Gordon Brothers has been engaged by John K. Lane of Inglewood Associates, LLC, the court-appointed receiver, for the disposition of the property formerly known as “The 925 Building”. A federal court order has appointed and authorized Gordon Brothers to act as the Receiver’s exclusive real estate sales and advisory agent. The receivership arises from a commercial foreclosure action filed by Deutsche Bank against HH Cleveland Huntington, LP. This is a significant mixed-use redevelopment opportunity in a historic building with a rich past, offering the flexibility to incorporate a variety of uses, including hotel, dormitory, retail, residential, office, data center, and self-storage. Located on the signalized corner of East 9th Street and Euclid. One of the standout features of this opportunity is the availability of developer tax credits, which presents an appealing incentive for buyers. These include: -Transformational Mixed-Use Development (TMUD), which is an Ohio tax credit designed to support large-scale, "transformational" construction projects that blend residential, commercial, and retail uses. -Historic tax credits (HTCs) provided for historic structures. -Brownfield tax credits, which are for the cleanup and redevelopment of contaminated or underutilized industrial/commercial properties, providing the developer with tax deductions for remediation costs or credits for site improvements.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

The 925 Building - Receiver Sale

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

22

BUILDING CLASS

B

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

1100

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,844 SF

ZONING

GR

APN/PARCEL ID

101-36-013

ASK ABOUT THIS PROPERTY

James AvalloneGordon BrothersMore Info
216-877-4235

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James AvalloneGordon BrothersMore Info
216-877-4235

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