120 Public SqCleveland, OH 44114

Property Details for 120 Public Sq

Year built

1990

Construction

STEEL FRAME

Lot size

1.33 AC

Property size (Sq ft)

29,601 SF

Zone code

GR

Property type

Office buildings

APN

101-07-022

APU

10107022

Description

This exceptional Class A commercial property, located at 120 Public Square in downtown Cleveland, Ohio, presents a unique investment opportunity. Comprising two buildings with a combined 64 stories, this expansive complex sits on a 2.14-acre lot (APN: 10107022, 10107001) and is zoned GR-9. Constructed in 1990, the property offers a blend of office and retail space, currently configured for multiple tenants. While the exact number of suites is unavailable, one 44,415 square foot space is currently available. The property boasts impressive amenities including newly renovated public spaces, a dedicated lounge, a bar, meeting rooms, event space, and valet parking. A convenient grab-and-go market adds to the tenant experience. This prime location in Cuyahoga County, Ohio (zip code 44114), offers unparalleled access to the city's vibrant business district. The property's modern design and extensive amenities make it an ideal location for businesses seeking a prestigious and functional workspace. The building's impressive height and location provide tenants with incredible views of the city. This is a rare opportunity to acquire a significant commercial property in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,325,218

  6.5%

  $4,915,586

  7%

  $4,564,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,768,878

  Geo Method

  $2,768,878

• Alternative Use

  Use

  Valuation

  Residential

  $6,095,326

  Hospitality

  $5,583,286

  Educational

  $4,645,228

  Medical

  $4,804,984

  Retail

  $7,225,910

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.5009

Longitude

-81.694

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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