USAOHClevelandHistoric Warehouse District1299 W 9Th St

1299 W 9Th St, Cleveland, OH

Name: 1299 W 9Th St, For Sale in Cleveland - Zoocasa
Brand: Realty Professionals, Inc.
SKU: 5242403
Price: 1350000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,350,000

000

MLS® 5242403

Overview

Key Facts

Type Retail

Levels Commercial Sale

Size -

Garage

Taxes $21,848

Days Active 1

Lot Size 0.0928 Acres

Approx. Age 1910

MLS® Number 5242403

Property Address: 1299 W 9th St, Cleveland, OH, 44113-1064

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number5242403

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1910

BasementFull, Unfinished

DrivewayNone, Off Site, On Street

Garage Spaces

HeatForced Air, Heat Pump

A/CCentral Air, Ductless

Extras

Map

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