- For Sale $3,300,000
- Property Type Multi-Family
- Property Size 17,424 SF
- Cap Rate % 6
- Date Updated Dec 13, 2024
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!
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
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Walk Score ®
97/100 Walker's Paradise -
Transit Score ®
75/100 Excellent Transit -
Bike Score ®
62/100 Bikeable
- City Cleveland, OH
- Neighborhood Downtown Cleveland
- Zip Code 44115
- Market Cleveland Akron
Points of Interest
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South Harbor
0.70 miles
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East 9th–North Coast
0.74 miles
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Cleveland Amtrak
0.81 miles
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Settlers Landing
0.96 miles
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East 55th
2.09 miles
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East 79th
2.89 miles
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Buckeye–Woodhill
3.53 miles
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West Boulevard–Cudell
3.88 miles
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Superior
4.96 miles
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Coventry
5.22 miles
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BP
0.31 miles
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Shell Gas Station
0.84 miles
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Sunoco
1.03 miles
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Quincy Gas
1.36 miles
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Marathon
1.45 miles
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Tesla Supercharger
7.45 miles
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The Halle Garage
0.04 miles
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PlayhouseSquare Parking
0.18 miles
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Reserve Square Parking
0.23 miles
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West Garage
0.23 miles
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Huntington Garage
0.24 miles
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1100 Superior Garage
0.28 miles
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Gateway East
0.28 miles
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Central Garage
0.34 miles
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Fifth Third Center
0.35 miles
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515 Garage
0.37 miles
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Crown Plaza Cleveland at Playhouse Square
0.04 miles
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Metropolitan at The 9, Autograph Collection
0.17 miles
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The Kimpton Schofield Hotel
0.21 miles
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Comfort Inn
0.23 miles
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Hotel Indigo Cleveland Downtown
0.29 miles
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Hilton Garden Inn
0.29 miles
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Holiday Inn Express
0.31 miles
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Residence Inn Cleveland Downtown
0.34 miles
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Hampton Inn Cleveland Downtown
0.37 miles
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Hyatt Regency Cleveland at The Arcade
0.42 miles
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1942 Tacos & Tequila
0.02 miles
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Zaytoon Lebanese Kitchen
0.03 miles
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Subway
0.03 miles
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Ghost Light Grille
0.05 miles
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District
0.06 miles
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Green Rooster Farms
0.08 miles
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Domino's
0.08 miles
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Yours Truly
0.08 miles
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Cibréo Italian Kitchen
0.10 miles
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The Fruit Stand
0.11 miles
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Monte Ahuja College of Business - Cleveland State University
0.22 miles
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Cleveland-Marshall College of Law
0.26 miles
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Promise Academy Charter School
0.29 miles
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Communications School
0.34 miles
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Cleveland State University
0.40 miles
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MC2 STEM
0.41 miles
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Cuyahoga Community College Hospitality Management Center
0.49 miles
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Campus International School
0.51 miles
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Success Tech Academy
0.53 miles
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Washkewicz College of Engineering
0.55 miles
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Smarty Pants
0.62 miles
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Developing Character Child Enrichment Academy
0.69 miles
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Learning To Grow
1.60 miles
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Head Start Pre-School
1.95 miles
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Heart to Heart Enrichment Center
2.26 miles
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Little Footsteps
2.44 miles
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Kindercare Daycare
3.30 miles
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A Step Above
3.37 miles
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Laveer Child Care
3.42 miles
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Apple of My Eye Child Care Center
3.43 miles
Frequently Asked Questions
The space currently listed for sale at 1224 Huron Road asks for $3,300,000.
1224 Huron Road totals 17,424 square feet.
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Hoff & Leigh