1299 W 9th Street

Cleveland, OH 44113

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.

Listing courtesy of Vincent Liuzzi of Realty Professionals, Inc.



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2026 - Multiple Listing Service, Inc. – All Rights Reserved.