1299 W 9th ST, Cleveland, OH 44113
1299 W 9th ST, Cleveland, OH 44113
1299 W 9th ST, Cleveland, OH 44113
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$1,350,000
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4,042 Sqft Lot
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1299 W 9th ST Cleveland, OH 44113

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James Duncan

James Duncan

+1(330) 606-9212

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Historic Warehouse District

MLS Listing ID 5242403

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1910

Annual Tax Amount $21,848

Tax Year 2025

Lot Size 4,042 Sqft

Acres 0.0928

Property Sub-Type Retail

Property Description

Rare opportunity to own a fully leased, income-producing brick commercial building in the heart of Cleveland's historic Warehouse District entertainment corridor. This two-story building (6,566 SF) offers built-out hospitality space on each floor, plus a full basement, and is 100% leased under two separate five-year NNN leases generating $156,000 in combined Year 1 contracted rent, with built-in annual escalations to $165,600 by Year 5 (2029). Both leases are executed; neither tenant has opened for business yet — ownership is completing tenant improvements on both floors ahead of a planned simultaneous grand opening. Under the NNN structure, tenants are responsible for real estate taxes, insurance, utilities, and routine maintenance once operating, creating a low-management income profile for a new owner. The building features a second-floor outdoor deck/patio, a full basement offering storage or future buildout potential, and the landlord retains rights to lease exterior walls for billboard signage. Located between Johnson Court and West St. Clair Avenue, steps from Playhouse Square (the nation's second-largest performing arts center), professional sports venues, and a growing downtown residential base. Submarket vacancy is exceptionally tight (about 1.2% within a half-mile), with average asking retail rents near $21/SF NNN, reflecting strong, supply-constrained demand. Built in 1910 and well maintained, the building blends historic brick character with contracted lease income, an attractive offering for 1031 exchange buyers or long-term investors. Lease documents available upon request to qualified buyers.

Location

State OH

County Cuyahoga

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air, Heat Pump

Cooling Central Air, Ductless

Fireplace No

Exterior

Parking Features None, Off Site, On Street

Fence None

Water Access Desc Public

Roof Type Built-Up,Composition,Flat

Present Use Investment,Mixed Use

Porch Patio

Building

Foundation Basement

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Updated/Remodeled

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 101-09-013

Acceptable Financing Cash, Conventional, Submit

Listing Terms Cash, Conventional, Submit

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Vincent Liuzzi • Realty Professionals, Inc. • 440-835-0272, realtyprofessionalsinc@yahoo.com

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James Duncan

James Duncan

Agent License ID: 449204

+1(330) 606-9212

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1299 W 9th ST