Multi-Family for Sale
Also listed as Hospitality
Catylist Listing ID: 30255921
Property Subtypes: Mid-Rise
Number of Units: 28 Units
Building Size (RSF): 37,000 SF
Gross Building Area: See Agent
Sale Price: See Agent
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/31/2018

Overview / Comments

Green Bridge Real Estate is pleased to present the Historic 37,000 Sq.Ft. Left Bank Building located at 1250 and 1252 Riverbed Street on .256 acres of the most iconic and desirable locations on the West bank of the Flats in Cleveland. Sitting on the Cuyahoga Riverbed, the site overlooks the river, the Superior Viaduct, the Nautica Pavilion, the Cleveland Aquarium and downtown Cleveland. This opportunity is one of the last remaining in the area as all neighboring properties have undergone extensive renovation and redevelopment. The Current structures are a four and seven story former industrial buildings constructed in 1913 and 1919 featuring wrought iron balconies, fifteen foot open beam ceilings and original wide plank wood flooring. Access via the top floor to the Superior Viaduct. Currently configured as a 28 unit artist loft building with lower level Retail units. Excellent Possible Historic Tax Credits Available to developers, consult a Legal or Tax professional for additional details. Pricing to be determined by the market, serious inquires only. Excellent redevelopment site for Hotel, High End Apartments, Office Retail. Contact Matthew S. King, CCIM for additional details.

Attachments & Media

Additional Details

Nearest MSA: Cleveland-Elyria
County: Cuyahoga
Tax ID/APN: 00319007
Total Number of Buildings: 2
Property Condition: Fair
Number of Stories: 7
Year Built: 1919
Year Renovated: 1980
Roof Type: Flat
Sprinklers: None

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,619 112,574 310,373
Median Age: 35.94 31.89 35.16
Households: 5,153 45,113 131,416
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.