Multifamily
The Alcazar
2450 Derbyshire Rd, Cleveland Heights, OH 44106
Listing Price: Request For Offer
Number of Units
95
Occupancy
57.0%
Gross SF
70,015
Investment Overview
Marcus & Millichap is pleased to present the historic Alcazar.
The Alcazar
Investment Highlights
- Value-Add or Generational Redevelopment Opportunity
- Spanish/Moorish Architectural Gem in Upscale Cedar-Fairmount Entertainment District
- Two Blocks from New $100 Million Top of the Hill Mixed Use Development (Studios Starting at $1,455 per Month)
- Minutes to Main Campuses of Cleveland Clinic, University Hospitals, Case Western Reserve University
- Exquisite Common Area Spaces and Commercial Kitchen Could be Activated for Apartment/Hotel/Entertainment Uses
- Underground Garage and Ability to Raze Included Square Feet Home for Additional Parking
- Potential Historic Tax Credits, Cleveland Heights Property Tax Abatement, or Other Financial Incentives
Exclusively Listed By
Financing By
Investment Highlights
- Value-Add or Generational Redevelopment Opportunity
- Spanish/Moorish Architectural Gem in Upscale Cedar-Fairmount Entertainment District
- Two Blocks from New $100 Million Top of the Hill Mixed Use Development (Studios Starting at $1,455 per Month)
- Minutes to Main Campuses of Cleveland Clinic, University Hospitals, Case Western Reserve University
- Exquisite Common Area Spaces and Commercial Kitchen Could be Activated for Apartment/Hotel/Entertainment Uses
- Underground Garage and Ability to Raze Included Square Feet Home for Additional Parking
- Potential Historic Tax Credits, Cleveland Heights Property Tax Abatement, or Other Financial Incentives
Investment Overview
Marcus & Millichap is pleased to present the historic Alcazar.
Exclusively Listed By
Financing By
