Colliers International in Cleveland is listing the iconic Vista Apartments at 26151 Lake Shore Blvd. in Euclid, Ohio.
Gary Cooper, senior vice president and principal, and Anthony DeMarco, vice president, with Colliers International are marketing the 949-unit property for sale on behalf of the court-appointed receiver.
“This opportunity isn’t for the faint-hearted, inexperienced or under-capitalized investor,” said Cooper. “However, for those with the vision, courage and equity it represents an opportunity to buy an irreplaceable asset at a fraction of its replacement cost as well as potential market value.”
The Vista Apartments is an impressive 949-unit waterfront property on Lake Shore Boulveard in Euclid, Ohio. Built in the early 1970s, the 764,492-square-foot property offers a unit mix of one-, two- and three-bedroom units as well as penthouses.
The property, originally known as The Watergate, has fallen on hard times. With the resurgence of Eucld and the Cleveland apartment market, though, comes an opportunity to lead the rebirth of this iconic property.