1432 Hamilton AveCleveland, OH 44114

Property Details for 1432 Hamilton Ave

Lot size

0.06 AC

Zone code

SI

Property type

Office buildings

APN

102-06-056

APU

10206056

Description

This exceptional 23,314 square foot executive office building at 1432-1444 Hamilton Avenue in Cleveland, Ohio, is offered for sale at $1,750,000 ($75/sq ft). Ideally suited for an owner-occupier, this property presents a unique opportunity to own a substantial office space in a prime location. The building is immediately available and boasts convenient access to major thoroughfares including E 9th Street, the Shoreway, and the Innerbelt, ensuring effortless commuting for employees and clients. Its strategic location near the campus district and the Cleveland central business district offers significant advantages in terms of visibility and accessibility. A significant benefit is the inclusion of an adjacent parking lot, eliminating the need for separate parking arrangements and providing ample space for staff and visitors. The building's size and layout are well-suited for a variety of executive office uses, making it an attractive investment for businesses seeking a prominent and functional workspace in a thriving urban area. The property is situated in Cuyahoga County, Ohio, with a zip code of 44114. This is a rare opportunity to acquire a substantial, well-located office building in a desirable Cleveland neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $449,030

  6.5%

  $414,489

  7%

  $384,883

• Comparable approach

  Method

  Valuation

  Relative Method

  $233,476

  Geo Method

  $233,476

• Alternative Use

  Use

  Valuation

  Residential

  $513,967

  Hospitality

  $470,791

  Educational

  $391,692

  Medical

  $405,163

  Retail

  $609,299

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.507

Longitude

-81.6858

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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