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).

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. This is a significant mixed-use redevelopment opportunity set in a historic building with a rich past, offering the flexibility to incorporate a variety of uses such as hotel, dormitory, retail, residential, office, data center, and self-storage users. 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

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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.