1780 E 89th Street | Cleveland
Introducing an exceptional value-add opportunity in Cleveland\u2019s emerging Medical Corridor. Walking distance to 2 of Cleveland\u0027s 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\u2014plans 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\u2014ideal for attracting long-term tenants. Don\u2019t miss this rare turnkey development play. Detailed financials, full plans, and incentive summaries available upon request. Serious inquiries only\u2014schedule your site tour today. MLSNow 5176655 Directions to property: Drive along I-90 E/OH-2 Exit on Martin Luther King Jr. Dr. Take Crawford Road to E89th St Turn right ONTOWADE Park Avenue, left turn onto E89th St. Continue on E 89th building on the right.

