216-235-1559
W 9th St & Saint Clair Ave, Cleveland, OH for Sale
Parking Lots & Garages - FOR SALE
1/4
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W 9th St & Saint Clair Ave
Cleveland, OH 44113
Warehouse District


HIGHLIGHTS

  • Prime 2.27-acre site in Cleveland’s urban core.
  • ~350 surface parking spaces with income potential.

OVERVIEW

Positioned at the intersection of W. 9th Street and St. Clair Avenue in Cleveland’s thriving urban core, this 2.27-acre site presents a rare opportunity for visionary developers or passive investors. With approximately 350 surface parking spaces already in place, the property offers immediate income potential and operational flexibility. Zoned LLR-D5 for limited retail business, the site is ideally suited for large-scale commercial or mixed-use development. Strategically located next to the new Sherwin-Williams Global Headquarters and Bedrock’s upcoming Rock Block project, the parcels benefit from unmatched adjacency to transformative investments. The surrounding Warehouse District and Flats East Bank are walkable hubs of dining, retail, hospitality, and residential vibrancy, drawing consistent foot traffic from locals, office workers, and tourists alike. Financial projections underscore the site’s value: $1.1M in annual revenue for 2025, growing to $1.3M in 2026, with NOI expected to reach $650K–$700K by 2027. With Sherwin-Williams returning to full in-office operations by January 2026 and controlling only 920 parking spaces for 3,100 employees, demand for parking and ancillary services is poised to surge. Value-add opportunities include daily/hourly parking, valet services, and self-operation. This generational asset offers both immediate cash flow and long-term development upside in one of Cleveland’s most dynamic districts.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Parking Lots & Garages

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

350

LAND DETAILS

LAND ACRES

2.32 AC

LAND SF

101,172 SF

ZONING

N/Av, East Cleveland

APN/PARCEL ID

101-10-021,101-10-022,101-10-023,101-10-024,101-10-025,101-10-026,101-10-027,101-10-040,101-10-060

ASK ABOUT THIS PROPERTY

Rico PietroCushman & Wakefield | CRESCO Real EstateMore Info
216-235-1559

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Rico PietroCushman & Wakefield | CRESCO Real EstateMore Info
216-235-1559

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