- For Sale $4,788,000
- Property Type Multi-Family
- Property Size 97,920 SF
- Units 126
- Lot Size 2.71 Acre
- Additional Rent Contact for pricing
- Date Updated Dec 4, 2024
- Lakeland Tower stands as an impressive high-rise multifamily property in the heart of Euclid. With 126 units across seven stories, this property offers immediate scale and value in a dynamic rental market.
- Built for Scale: 126 units under one roof with significant operational efficiencies.
- Prime Location: Near local transit, retail, and dining options with easy access to downtown Cleveland.
- Opportunity for Growth: Strong potential for rent increases with capital improvements.
- Attractive Price: $38,000 per unit – well below market value.
- Income Potential: Ideal for value-add investors seeking strong cash flow and appreciation.
- Market Momentum: Situated in a growing rental market with high demand for affordable housing.
- Proximity: Adjacent to 25450 & 25454 Euclid Avenue, creating synergy for buyers looking to expand their local holdings.
- Accessibility: Convenient access to I-90, Cleveland Clinic, University Circle, and downtown Cleveland.
- Population Growth: A vibrant community with increasing demand for multifamily housing.
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
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Walk Score ®
51/100
Somewhat Walkable
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Transit Score ®
40/100
Some Transit
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Bike Score ®
18/100
Somewhat Bikeable
- City Euclid, OH
- Neighborhood Euclid
- Zip Code 44117
- Market Cleveland Akron
Points of Interest
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Stokes-Windermere Station
5.52 miles
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Superior
6.13 miles
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Coventry
8.06 miles
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Warrensville–Van Aken
8.33 miles
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Buckeye–Woodhill
9.12 miles
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Lake Shore Live Steamers
9.17 miles
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East 79th
9.73 miles
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Marathon
0.73 miles
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Sunoco
0.74 miles
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BP
0.83 miles
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Shell
1.25 miles
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Speedway
1.31 miles
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Leviton
2.47 miles
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ChargePoint
4.31 miles
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Tesla Destination Charger
4.31 miles
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eVgo
5.43 miles
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A. B. Williams parking lot
4.24 miles
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Horse Trailer Parking
4.60 miles
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Wilson Mills Trailhead
5.08 miles
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Colony Square
5.17 miles
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Notre Dame River
5.32 miles
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Hyatt Place Parking Garage
5.52 miles
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Temple on the Heights Parking
5.71 miles
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Hillcrest Hospital Parking Garage
5.73 miles
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Recreation Center parking
5.79 miles
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La Place at Beachwood Place - Garage Parking
5.81 miles
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Fairbridge Hotel
1.30 miles
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Econo Lodge Wickliffe - Cleveland East
1.48 miles
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Quality Inn Wickliffe
1.50 miles
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Courtyard
3.89 miles
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Holiday Inn
4.29 miles
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Noble Motel
4.50 miles
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Town House Motel
4.56 miles
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Four Points
5.08 miles
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Comfort Inn Mayfield Heights Cleveland East
5.19 miles
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Mc Call's Motor Inn
5.21 miles
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Mr. Hero
0.31 miles
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Muncheez
0.33 miles
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KFC
0.34 miles
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Arby's
0.37 miles
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Taco Bell
0.39 miles
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R-Ribs BBQ
0.44 miles
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Popeyes
0.47 miles
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5 Points Grille
0.79 miles
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Five Star Subs
0.93 miles
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Paradise Island Saloon
1.09 miles
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Bethlehem School
0.47 miles
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Glenbrook Elementary School
1.21 miles
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Euclid High School
1.24 miles
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Pinnacle Charter Academy
1.24 miles
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Telshe Yeshiva
1.36 miles
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Borromeo Seminary
1.50 miles
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Euclid Early Learning Center
1.55 miles
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Franklin School
1.57 miles
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Cricket Lane Elementary School
1.71 miles
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Arbor Elementary School
1.78 miles
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K&M Childcare
0.31 miles
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Child Development Center
1.22 miles
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Mini Miracles Too Learning Academy
1.93 miles
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Mini Miracles Learning Academy
1.93 miles
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Nottingham Child Care
2.25 miles
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Kidtopia
2.30 miles
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Early Childhood Options
2.32 miles
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Building Blocks Academy
2.34 miles
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Brilliant Beginnings
2.91 miles
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Precious Gem Childcare Center
2.98 miles
Frequently Asked Questions
The space currently listed for sale at Lakeland Tower asks for $4,788,000.
Lakeland Tower totals 97,920 square feet.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
