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W 9th St & Saint Clair Ave 91,927 SF Specialty Building Offered For Sale in Cleveland, OH 44113
INVESTMENT HIGHLIGHTS
- Prime 2.27-acre site in Cleveland’s urban core.
- ~350 surface parking spaces with income potential.
EXECUTIVE SUMMARY
Positioned at the intersection of W. 9th Street and St. Clair Avenue in Cleveland’s thriving urban core, this 2.27-acre site presents a rare opportunity for visionary developers or passive investors. With approximately 350 surface parking spaces already in place, the property offers immediate income potential and operational flexibility. Zoned LLR-D5 for limited retail business, the site is ideally suited for large-scale commercial or mixed-use development.
Strategically located next to the new Sherwin-Williams Global Headquarters and Bedrock’s upcoming Rock Block project, the parcels benefit from unmatched adjacency to transformative investments. The surrounding Warehouse District and Flats East Bank are walkable hubs of dining, retail, hospitality, and residential vibrancy, drawing consistent foot traffic from locals, office workers, and tourists alike.
Financial projections underscore the site’s value: $1.1M in annual revenue for 2025, growing to $1.3M in 2026, with NOI expected to reach $650K–$700K by 2027. With Sherwin-Williams returning to full in-office operations by January 2026 and controlling only 920 parking spaces for 3,100 employees, demand for parking and ancillary services is poised to surge. Value-add opportunities include daily/hourly parking, valet services, and self-operation.
This generational asset offers both immediate cash flow and long-term development upside in one of Cleveland’s most dynamic districts.
Strategically located next to the new Sherwin-Williams Global Headquarters and Bedrock’s upcoming Rock Block project, the parcels benefit from unmatched adjacency to transformative investments. The surrounding Warehouse District and Flats East Bank are walkable hubs of dining, retail, hospitality, and residential vibrancy, drawing consistent foot traffic from locals, office workers, and tourists alike.
Financial projections underscore the site’s value: $1.1M in annual revenue for 2025, growing to $1.3M in 2026, with NOI expected to reach $650K–$700K by 2027. With Sherwin-Williams returning to full in-office operations by January 2026 and controlling only 920 parking spaces for 3,100 employees, demand for parking and ancillary services is poised to surge. Value-add opportunities include daily/hourly parking, valet services, and self-operation.
This generational asset offers both immediate cash flow and long-term development upside in one of Cleveland’s most dynamic districts.
PROPERTY FACTS
| Sale Type | Investment | Building Size | 91,927 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Parking Lot | Year Built | 1900 |
| Building Class | C | Parking Ratio | 3.81/1,000 SF |
| Lot Size | 2.32 AC | Opportunity Zone |
Yes
|
| Zoning | N/Av, East Cleveland | ||
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Parking Lot |
| Building Class | C |
| Lot Size | 2.32 AC |
| Building Size | 91,927 SF |
| No. Stories | 1 |
| Year Built | 1900 |
| Parking Ratio | 3.81/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | N/Av, East Cleveland |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (80)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $23,485 | |
| Land Assessment | $3,113,215 | Total Assessment | $3,136,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,113,215
Improvements Assessment
$23,485
Total Assessment
$3,136,700
CONTACTS
-
Rico Pietro -
Robby Martinelli -
Kirsten Paratore -
Cushman & Wakefield | CRESCO Real Estate
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W 9th St & Saint Clair Ave
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