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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.

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

Listing Price: Request For Offer

Number of Units
95
Occupancy
57.0%
Gross SF
70,015

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

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