Listed By
Agency Name: Keller Williams Citywide
Agency Contact: Cielo@CieloBlueCielo.com, 440-662-3704
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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Property Description
Introducing an exceptional value-add opportunity in Cleveland's emerging Medical Corridor. Walking distance to 2 of Cleveland's Premier Hospitals and University Circle Area. Solid brick, eight-unit building (14,540 sq ft) sits on a double lotand comes fully permit-ready for an approved 16-unit expansion?plans crafted by LDA Architects and variances already inhand. Why Investors Are Taking Notice: Shovel-Ready Upside: City-approved architectural drawings and zoning variancesmean you can break ground almost immediately. Strong Cash-Flow Potential: The stabilized 16-unit project carries arecent appraisal near $3.6 million. Attractive Incentives: Low-interest city loans, extended state historic credits andanticipated federal credits, plus a 15-year tax abatement, all bolster your return. Land Assembly: Includes the neighboring parcel, with the option to secure a third lot for additional parking. Prime Location: Convenient to downtown Cleveland, major highways, and growing retail corridors?ideal for attracting long-term tenants. Don't miss this rare turnkey development play. Detailed financials, full plans, and incentive summaries available upon request. Serious inquiries only?schedule your site tour today.
Property Features
Property Type: Commercial - Business
Basement: Apartment, Full, Unfinished, Walk-Up Access, Walk-Out Access
Basement: Yes
Days on Market: 77
Heating: Other
Lot Size: 0.34 Acres
Roof Type: Asphalt
Taxes: $6,390 / year
Year Built: 1920
Feature Descriptions
Building Features: Private Restrooms
Parcel#: 119-05-029
Parking: Additional Parking
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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1780 E 89th Street | MLS# 5176655
This commercial property located at 1780 E 89th Street, Cleveland, OH 44106 is currently listed for sale with an asking price of $250,000. E 89th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.cutlercigroup.com today.