Investment Property
Active
2412 Euclid Heights Boulevard (The Excel)
2412 Euclid Heights Boulevard, Cleveland, OH 44106 United States
Building Size
31,366 SF
Lot Size
.47 Acres
Construction Status
Existing
Building Size
31,366 SF
Lot Size
.47 Acres
Construction Status
Existing
OVERVIEW
Situated just 1.2 miles from the high-rent University Circle submarket, which commands the highest average rents in the Cleveland market at $2,189 per month, capturing spillover demand. The asset benefits from direct proximity to major institutional demand drivers, including Case Western Reserve University (1.2 miles), University Hospitals (1.3 miles), and the Cleveland Clinic Main Campus (2.4 miles), with this constant influx of personnel creating reliable, recurring demand for nearby rental units. Additionally, the property features a distinct physical advantage with expansive floor plans averaging 1,309 square feet, significantly exceeding standard submarket footprints, and currently operates with 20 of 21 units physically occupied, providing a 95.24% occupancy rate that strongly outperforms the 8.30% to 10.00% vacancy of competitors.
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Details
- Building Size:
- 31,366 SF
- Sale Price:
- Contact us for pricing
- Lot Size:
- .47 Acres
- Construction Status:
- Existing
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LOCATION
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