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New Redevelopment Opportunity in the Heart of Downtown Cleveland Located in a Federally-Designated Marion Building Opportunity Zone 1276 W

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New Redevelopment Opportunity in the Heart of Downtown Cleveland Located in a Federally-Designated Marion Building Opportunity Zone 1276 W NEW REDEVELOPMENT OPPORTUNITY IN THE HEART OF DOWNTOWN CLEVELAND LOCATED IN A FEDERALLY-DESIGNATED MARION BUILDING OPPORTUNITY ZONE 1276 W. 3RD ST. CLEVELAND, OHIO PROPERTY HIGHLIGHTS • 104,698-square-foot, seven-story building • Zoned for Limited Retail Business, which permits office, hotel, multifamily, and retail uses • Excellent location in the heart of the Historic Warehouse District, Cleveland’s original “live-work-play” neighborhood, with trendy loft-style apartments and condos, historic office buildings and numerous nightlife and dining options all within a short walk. • Within walking distance to the Flats East Bank, Public Square and North Coast Harbor • Built in 1913 • Immediate access to Route 2/Cleveland Memorial Shoreway For more information, contact our licensed real estate salespersons: Terry Coyne Richard Sheehan Vice Chairman Managing Director 216.453.3001 216.453.3032 [email protected] [email protected] ngkf.com/cleveland The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.. MARION BUILDING 1276 W. 3RD ST. Additional Exterior CLEVELAND, OHIO For more information, contact our licensed real estate salespersons: Terry Coyne Richard Sheehan Vice Chairman Managing Director 216.453.3001 216.453.3032 [email protected] [email protected] ngkf.com/cleveland LOWER LEVEL 1 Floor Plans MARION BUILDING 1276 W. 3RD ST. LowerTypical Level: Floor 13,086 Plates SF and Lower Leevel CLEVELAND, OHIO NORTH First Floor: 13,086 SF Typical Floor Plate (Floors 2-7): 13,086 SF For more information, contact our licensed real estate salespersons: Terry Coyne Richard Sheehan Vice Chairman Managing Director 216.453.3001 216.453.3032 [email protected] [email protected] ngkf.com/cleveland MARION BUILDING 1276 W. 3RD ST. CLEVELAND, OHIO CLEVELAND APARTMENT MARKET AT-A-GLANCE New apartment projects reach 92% 6,800 stabilization at an occupancy rate absorption rate of NEW UNITS required to 35 UNITS meet demand PER MONTH through 2030 New one bedroom Average apartment rent Market Rate top out at Rent of $2.80 PSF $1.54 PSF 2018 HOUSING MARKET Total Housing Units 13,149 Total Market Rate Units 7,224 Total Income Restricted Units 4,884 Total Townhomes and Condo Parcels 880 2018 Market Rate Occupancy Rate 92 percent Average Market Rate Rent Per Square Foot $1.54 psf Monthly Rent Range for 1 Bedroom Apartment $818 - $1,934 2018 Condo/Townhome Sales 70 2018 Average Sale Price $248,034 2018 Average Sale Price Per Square Foot $203.45 psf *Source: Downtown Cleveland Alliance For more information, contact our licensed real estate salespersons: Terry Coyne Richard Sheehan Vice Chairman Managing Director 216.453.3001 216.453.3032 [email protected] [email protected] ngkf.com/cleveland The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.. MARION BUILDING 1276 W. 3RD ST. CLEVELAND, OHIO EMPLOYMENT OVERVIEW Cleveland ranks Downtown #7 IN THE U.S. Cleveland with the highest is home to over percentage of workforce Cleveland’s economy generated 105,000 JOBS aged 25-44 with an advanced degree $139 BILLION making it the meet demand in 2018, growing largest job center through 2030 2.9% from the in Ohio previous year DOWNTOWN CLEVELAND’S LARGEST INDUSTRIES • Professional, Scientific and Technical Services |18.6 percent • Public Administration | 12.3 percent • Finance and Insurance | 9.1 percent • Educational Services | 8.6 percent • Management of Companies and Enterprises | 7.4 percent *Source: Downtown Cleveland Alliance For more information, contact our licensed real estate salespersons: Terry Coyne Richard Sheehan Vice Chairman Managing Director 216.453.3001 216.453.3032 [email protected] [email protected] ngkf.com/cleveland The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.. MARION BUILDING 1276 W. 3RD ST. CLEVELAND, OHIO WORKFORCE HOUSING OPPORTUNITIES THE ACCOMMODATION AND FOOD SERVICE INDUSTRY IS THE SECOND FASTEST GROWING INDUSTRY DOWNTOWN WITH ONLY 2.05% OF DOWNTOWN WORKERS LIVING DOWNTOWN, DEMAND FOR WORKFORCE HOUSING TO ACCOMMODATE MIDDLE INCOME WORKERS IS GROWING *Source: Downtown Cleveland Alliance For more information, contact our licensed real estate salespersons: Terry Coyne Richard Sheehan Vice Chairman Managing Director 216.453.3001 216.453.3032 [email protected] [email protected] ngkf.com/cleveland The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.. MARION BUILDING Amenities Aerial 1276 W. 3RD ST. CLEVELAND, OHIO NORTH Lak T TH TRT P Cleveland MARION BUILDING 1276 W. 3RD ST. CLEVELAND, OHIO EE E E LakW W E W EE Square H R O E W H R FIELDHOUSE W TH T TH T R ROT VE HRON R. For more information, contact our licensed real estate salespersons: Terry Coyne Richard Sheehan Vice Chairman Managing Director 216.453.3001 216.453.3032 [email protected] [email protected] ngkf.com/cleveland The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.. MARION BUILDING Location Map 1276 W. 3RD ST. CLEVELAND, OHIO ERIESIDE AVE. North Coast Harbor FIRSTENERGY Lake Erie NORTH PORT OF CLEVELAND STADIUM ROCK & ROLL TERMINAL GREAT LAKES HALL OF FAME BURKE PORT OF CLEVELAND SCIENCE MUSEUM CENTER LAKEFRONT AIRPORT OREWAY SH 2 IAL 90 OR MARION BUILDING EM M AMTRAK STATION 1276 W. 3RD ST. AND FLATS EL CLEVELAND, OHIO V FIRSTENERGY EAST CLE NORTH COAST HARBOR ALOFT STADIUM BANK ERNST & YOUNG W. 3RD ST. STATION EAST STATION MUNICIPAL PAPKING HOTEL BUILDING TERMINAL 2 MALL LAKESIDE C NORTH CITY WILLARD D AV ENPOR COUCOURTHOUSERTHOUSE COURT HALL PARK POINT T AV E. 90 HOUSE BLDG & TOWER SQUARE CONVENTION CENTER LAKESIDE AVE. L A K ESID & E AV E. 45 65/75 1277 LAKESIDE HILTON GLOBAL PUBLIC ERIEVIEW HAMILTON LAKESIDE HALL ERIEVIEW PLACE JUSTICE CLEVELAND CENTER FOR FEDERAL PLAZA PLAZA PLACE CENTER DOWNTOWN HEALTH BLDG. WEST 6TH ST. 6TH WEST WEST 9TH ST. 9TH WEST Cuyahoga River INNOVATION ERIEVIEW OLD RIVER RD. RIVER OLD WAREHOUSE DISTRICT POLICE GALLERIA TOWER HQ AECOM ST. Parking CENTRE ONTARIO ST. ONTARIO WEST 3RD ST. 3RD WEST WEST 10TH ST. 10TH WEST WESTIN ST. CLAIR AVE. LINCOLN IMG T 9TH STANDARD MARRIOTT BUILDING GARAGE BLDG. CENTER & CLUB DRURY . Parking 6TH ST. ONE CLEVELAND CENTER T Parking ST. PLAZA EAS T-REX BLDG S BLDG. 5555 PUBLIC PUBLIC 75 PUBLIC KEY HOTEL CALFEE CATHEDRAL Parking SQUARE SQUARE TOWER H WESTERN SQUARE GARAGE SQUARE ROCKWELL AVENUE FRANKFORT AVE. A ST 7T RESERVERESERVE E 1 GARAGE GARAGE 12TH US FEDERAL T ROCKEFELLER S Parking COURT PUBLIC SUPERIOR ST. JOHN 1111 EAST 13TH ST. FIRE A Parking BLDG. ST. 6TH WEST LIBRARY HOUSE BLDG. CATHEDRAL SUPERIOR A ST DEPT BANK E E HQ SUPERIOR AVE. PUBLIC SQUARE NINE TWELVE DISTRICT SUPERIOR AVENUE STATE 200 HURON RD. PROSPECT AVE. LEADER FIFTH KEY BANK 1717 EAST 1100 OFFICE RENAISSANCERENAISSANCE PUBLIC HYATT BLDG NINTH ST. SUPERIOR HOTEL REGENCY THIRD CENTER BLDG.BLDG. SQUARE BAKER RESERVE EUCLID AVE.THE BUILDING SQUARE FEDERAL MK AVENUE TOWER TERMINAL ARCADE THE AMTRUST PARK APARTMENTS P COURTHOUSE FERGUSAN AYNE CITY CENTER TOWER BEACON TOWER PLAZA A V E. THE AVENUE PUBLIC SQ GARAGE HUNTINGTON BLDG GARAGE HIGBEE TECH HOUSE OF HOLIDAY BLUES CHESTER A VE. CANAL RD. 250250 W.W. BLDG. INN PNC HURON MABEL'S BBQ PICKWICK SELECT SKYLIGHT & FROLICK CENTER THE CENTENNIAL 925 LOLA EUCLID OFFICE T. ZOCALO RESIDENCE 925 EUCLID ANNEX ALLERTON TOWER FLANNERY’S TEQUILERIA INN APARTMENTS HYDE PARK JACKGRILL GARAGE LE MERIDIAN SPHERE GARAGE HOTEL APARTMENTS CLEVELAND 9TH S STATLER CITY CLUB 5th street arcades ARMS CASINO BUILDING CAN LANDMARK E APTS. FUTURE MEDICAL MUTUAL U C THEATER DISTRICT AMERITRUST A OFFICE THE L Cuyahoga River L TOWER NUCLEUS THE ID R EA ST 9 A D. PROJECT ATHLON V E GARAGE UNITED . HOTEL CHURCH THE POINTE CUYAHOGA HALLE ALLEN OHIO INDIGO COUNTY THEATER CLEVELAND OF CHRIST AT GATEWAY HEADQUARTERS BLDG. CROWNE THEATER PLAZA STATE HURON RD. STATE UNIVERSITY THEATER (CSU) GARAGE US BANK CARTER RD. CENTRE PR . ROCKET OS GATEWAY DISTRICT PE CLEVELAND MORTGAGE CT STATE Cuyahoga FIELDHOUSE WINTON A HANNA UNIVERSITY O MANOR V E. BUILDING (CSU) River N BOLIVAR RD. HANNA T AR BUILDING LEGEND GARAGE Major Office Buildings IO Hotels/Retail/Apartments RD . EA G L E SALVATION Mixed-use Office/Retail/Apartments R D . PROGRESSIVEPROGRESSIVE ARMY . FIELDFIELD Arenas/Theatres/Museums/Casinos T S D CSU Public Buildings R 3 WOLSTEIN T S CENTER E W L OR A IN CA R N EG IE (HOPE M E M OR IA L ) BR ID G E CA R N E L G IE AVE. IA C R E M M O For more information, contact our licensed real estate salespersons: C Terry Coyne Richard Sheehan Vice Chairman Managing Director 71 77 216.453.3001 216.453.3032 [email protected] [email protected] ngkf.com/cleveland The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information.
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