- For Sale $1,600,000
- Property Type Office
- Property Size 9,372 SF
- Lot Size 0.13 Acre
- Date Updated Sep 22, 2026
Description
• Prime Tremont Location – Situated in one of
Cleveland’s most sought-after neighborhoods,
the property offers walkability to Tremont’s top
restaurants, bars, coffee shops, Lincoln Park, and
the Towpath Trail, while remaining just minutes from
Downtown Cleveland.
• 15-Year Tax Abatement Through 2035 – Property
benefits from a 100% tax abatement on
rehabilitation improvements through December
31, 2035, creating substantial operating expense
savings and enhanced cash flow.
• Fully Renovated Luxury Asset – Redeveloped in
2021 with all new mechanicals, HVAC systems,
appliances, modern finishes, in-suite laundry,
rooftop deck, and Energy Star / Green Communities
certifications, minimizing near-term capital
expenditures.
• Trophy Multifamily Investment in a High-Growth
Urban Market – Modern boutique apartment
property with strong in-place tenancy, premium
finishes, and proximity to Downtown Cleveland,
positioned to capitalize on continued demand for
high-end urban living in Tremont.
• Rare Value-Add Opportunity – Existing unfinished
7th unit creates flexibility for investors to add
a luxury apartment or activate the space as a
boutique retail concept such as a café, fitness
studio, office, or specialty retail user with direct
frontage on Jefferson Avenue.
False
Contacts
Cushman & Wakefield | CRESCO Real Estate
Cushman & Wakefield | CRESCO Real Estate
Cushman & Wakefield | CRESCO Real Estate
Cushman & Wakefield | CRESCO Real Estate