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University Hotel and Suites 3614 Euclid Ave 225 Room Hotel Cleveland, OH 44115 For Sale
Investment Highlights
- Located in a qualified Opportunity Zone.
- Plug and play opportunity for someone to take on this project.
- Potential for retail or cafe space added to building as well.
- MidTown location benefitting from significant city investment and proximity to the Cleveland Clinic and Downtown.
Executive Summary
The property spans approximately 110,000 square feet on 2 acres and is currently undergoing a transformation from a 225-room hotel into 135 modern apartments. There is also potential for retail or café space on-site. Located in a qualified Opportunity Zone (OZ), the property offers a variety of community amenities, including beautiful gardens, an outdoor patio, a dog park, a gym, a community room, and a coworking office. The apartments are designed with stylish and functional features such as vinyl plank flooring, high-efficiency lighting, and hotel-inspired design with mid-range finishes. Units include walk-in showers, with tubs available in the two-bedroom layouts, and are equipped with stainless steel appliances, modern white finishes, and internet and USB outlets throughout. Additional features include electronic door locks, new PTAC systems, and individual hot water heaters, ensuring comfort and convenience for residents.
Property Facts
| Sale Type | Investment | No. Rooms | 225 |
| Sale Condition | Redevelopment Project | No. Stories | 10 |
| Property Type | Hospitality | Year Built/Renovated | 1964/2025 |
| Property Subtype | Hotel | Parking Ratio | 1.18/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.02 AC | Opportunity Zone |
Yes
|
| Building Size | 110,000 SF | ||
| Zoning | GR | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.02 AC |
| Building Size | 110,000 SF |
| No. Rooms | 225 |
| No. Stories | 10 |
| Year Built/Renovated | 1964/2025 |
| Parking Ratio | 1.18/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | GR |
Amenities
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 225 | $206.52 CAD | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 103-07-008 | Improvements Assessment | $283,181 CAD |
| Land Assessment | $504,998 CAD | Total Assessment | $788,179 CAD |
Property Taxes
Parcel Number
103-07-008
Land Assessment
$504,998 CAD
Improvements Assessment
$283,181 CAD
Total Assessment
$788,179 CAD
Contacts
-
Jim Krivanek -
Rico Pietro -
Robby Martinelli -
Cushman & Wakefield | CRESCO Real Estate
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University Hotel and Suites | 3614 Euclid Ave
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