4277 150th St Cleveland, OH 44135-1310

Property Details for 4277 150th St

Year built

1970

Construction

STEEL FRAME

Lot size

8.36 lot acres

Property size

29,665 SF

Zone code

GR

Property type

Hotels

APN

023-02-005

APU

2302005

Description

This exceptional 8.36-acre property, located at 4277 W 150th St, Cleveland, OH 44135, presents a prime redevelopment opportunity. Currently configured as a 372-key Class B hotel built in 1970/1972 with 200,000 square feet, it offers significant potential for conversion into a thriving multifamily or senior living community. The property boasts a convenient location near Cleveland Hopkins International Airport, easily accessible from I-71 and West 150th Street, and just 15 minutes from Downtown Cleveland. The existing zoning is General Retail, with a variance approved, allowing for various housing developments. The City of Cleveland has expressed support for such conversions, making this a particularly attractive investment. The hotel features existing amenities including a fitness center, indoor pool, business center, complimentary airport shuttle service, and over 14,000 square feet of meeting/event space, which could be repurposed for the new development. Offered at $17,500,000 fee simple, this is a unique chance to capitalize on a high-demand market and transform a significant asset. The property's size and existing infrastructure provide a solid foundation for a successful redevelopment project. This is a compelling investment opportunity for those seeking a high-return project in a rapidly growing area.