Historic Arts Venue and Residential
For Sale
Contact for pricing
1433 East 33rd Street, Cleveland, OH 44114
Historic arts venue generates existing income alongside a value-add residential portfolio in Cleveland’s Asiatown.
Property Size25,000 SF
Price / SF$67
Days on Market21
Property Features for 1433 East 33rd Street
General Information
Standard status
Active
Size
25,000 SF
Class
B
Property subtype
Multifamily, Office, Retail
Zoning
Various
Occupancy
100%
Lease Type
Gross
Investment Type
Value Add
Net Operating Income
$80,905
Additional Details
Highway Access
Yes
Building Details
Year Built
1910
Year Renovated
2020
Buildings
3
Units
12
Tenancy
Multi
Listing Agency:
Russell Commercial Advisory
(440) 892-2211
Listed By:
Justin Campbell · License #201702330
Source:
Crexi
Added: Jul 23
Changed: Aug 8
Last Checked: Aug 11 at 11:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Russell Commercial Advisory
Investment Insights
Based on property information with market context.
This for-sale property presents a historic arts venue positioned as an established creative destination, paired with a value-add residential income portfolio. The offering includes existing income and contemplates multiple revenue paths, including the ability to professionally expand event, gallery, and creative-space activity.
Located at 1433 East 33rd Street in Cleveland’s Asiatown, the property is described as well-positioned between Downtown and University Circle, with minutes to Cleveland State University and major medical and educational institutions. The marketing materials also highlight access to I-90 and key east-west corridors.
The broader area is tied to ongoing investment and planning efforts, including references to continued residential facility investment under Cleveland State University’s long-range campus plan and anticipated public-realm improvements along the Superior Avenue corridor. Because public project schedules can change, the materials present certain timeline references as anticipated rather than guaranteed.
Located at 1433 East 33rd Street in Cleveland’s Asiatown, the property is described as well-positioned between Downtown and University Circle, with minutes to Cleveland State University and major medical and educational institutions. The marketing materials also highlight access to I-90 and key east-west corridors.
The broader area is tied to ongoing investment and planning efforts, including references to continued residential facility investment under Cleveland State University’s long-range campus plan and anticipated public-realm improvements along the Superior Avenue corridor. Because public project schedules can change, the materials present certain timeline references as anticipated rather than guaranteed.
Key Highlights
- Historic property built in 1910, positioned as an arts venue in Cleveland’s Asiatown.
- Existing income tied to an arts destination, with a value‑add residential portfolio included.
- Potential to expand revenue through event, gallery, and creative‑space uses to increase NOI.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,691
Businesses Nearby
Explore this area
Business Placement
Demographics for 44114, OH
7,622
Population
5,151
Households
1.5
Avg Household Size
32
Median Age
47%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
2,541
Density / Sq Mi
$45,400
Median Household Income
$39,915
Median Earnings
$1,296
Median Rent
$112,900
Median Home Value
Market
Vacancy Rate% for Office in Cleveland, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Creative space - Historic arts venue generates existing income alongside a value-add residential portfolio in Cleveland’s Asiatown.
Where is this creative space located?
The property is located at 1433 East 33rd Street Cleveland, OH.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Historic property built in 1910, positioned as an arts venue in Cleveland’s Asiatown.; Existing income tied to an arts destination, with a value‑add residential portfolio included.; Potential to expand revenue through event, gallery, and creative‑space uses to increase NOI.
