Retail Space
1224 Huron Road East Cleveland, OH 44115
Details & Description
Price: $3,300,000
    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!
    Listing Agents
    Joe Zumpano

    O: 330-940-9360
    M: 330-990-0847
    jzumpano@hoffleigh.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1224 Huron Road East

    Cleveland, OH 44115

    Listing ID: 219204
    • 1224 Huron Road East Cleveland, OH 44115 | for Sale | Photo 1
    • 1224 Huron Road East Cleveland, OH 44115 | for Sale | Photo 2
    • 1224 Huron Road East Cleveland, OH 44115 | for Sale | Photo 3
    1224 Huron Road East | for Sale | Thumbnail 1
    1224 Huron Road East | for Sale | Thumbnail 2
    1224 Huron Road East | for Sale | Thumbnail 3
    Building Size: 17,424 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $189.39
    Land $/SF:
    Price
    $3,300,000
    Description

    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!

    Attachments & Files

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Cleveland History of Retail Space for Sale

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    Cleveland Area Market Trends

    Listing Demographics for 1224 Huron Road East Cleveland, OH 44115

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population12,47885,028268,071
    Population Median Age343637
    Population by Age0-9 Yrs1165 (9%)10543 (12%)30997 (11%)
    10-19 Yrs716 (5%)7719 (9%)30903 (11%)
    20-29 Yrs4495 (36%)19872 (23%)52870 (19%)
    30-39 Yrs2136 (17%)13548 (15%)37965 (14%)
    40-49 Yrs923 (7%)8819 (10%)29477 (10%)
    50-59 Yrs1439 (11%)10571 (12%)33693 (12%)
    60-69 Yrs1114 (8%)8113 (9%)29118 (10%)
    70+ Yrs491 (3%)5843 (6%)23050 (8%)
    Median HH Income$30,478$28,966$30,309
    Total Household Income< 24K2959 (45%)18022 (45%)53343 (43%)
    25-49K899 (13%)7700 (19%)30811 (25%)
    50-74K1188 (18%)5098 (12%)16809 (13%)
    75-99K437 (6%)2887 (7%)8741 (7%)
    100-199K698 (10%)3998 (10%)10090 (8%)
    200K+297 (4%)1562 (3%)2992 (2%)
    Highest Education LevelNo Diploma14941284335164
    Diploma or GED18821484453381
    Some College14041177139673
    Assoc. Degree437316711852
    Bachelors Degree1586907124301
    Higher Degree1533701317456
    Total Housing Units7,90949,087153,044
    --Owner-Occupied3779,43439,679
    --Renter-Occupied6,10029,83383,106
    Owner-Occupied Values< 100K131524326810
    100-199K8918467487
    200-299K5710832268
    300-399K406441275
    400-499K20262547
    500K+413571291
    Total Working Age Population11,09669,778219,645
    In Work Force6,55840,295128,577
    Not In Work Force4,53829,48391,069
    Workforce Employed5,96135,096112,226
    Workforce Unemployed5845,16716,293
    Civlian Workforce6,54640,263128,519
    Military Workforce123158
    Total Households6,47839,267122,785
    Family Households1,54615,08851,822
    Non-Family Households4,93224,17970,963
    Married Couple6215,88722,082
    Other Family9259,20229,739
    Married w/Child1151,6566,891
    Single Male w/Child607402,598
    Single Female w/Child4875,00014,501

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Ohio11,353,140+211,536,504011,574,870011,615,100
    Cuyahoga County1,393,978-81,280,122-61,209,550-51,154,210

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1224 Huron Road East in Cleveland?
    The asking price for 1224 Huron Road East is $3,300,000
    What is the building size of this Retail property in Cleveland, OH?
    The size of the building/unit at 1224 Huron Road East in Cleveland is 17,424 square feet
    What kind of Retail is the propery at 1224 Huron Road East?
    The property at 1224 Huron Road East Cleveland, OH 44115 is listed as a Other Retail Retail property
    What is the population within 1 mile of 1224 Huron Road East in Cleveland?
    The population within 1 mile of 1224 Huron Road East Cleveland, OH 44115 is 12,478 people.
    Who do I contact for questions about 1224 Huron Road East?
    You should contact the listing agent, Joe Zumpano, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Cleveland Hopkins International Airport (CLE) 11
    Erie International Tom Ridge Field (ERI) 88
    Detroit Metropolitan Wayne County Airport (DTW) 99
    Price
    $3,300,000
    Listing Agent
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