Commercial Real Estate for Sale at 1780 E 89th Street in Cleveland, OH for $250,000

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1780 E 89th Street | Cleveland

$250,000 | 0.0 Sq. Ft.

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.

MLS Listing ID: 
MLSNow 5176655
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$250,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Cleveland
Address: 
1780 E 89th Street, Cleveland, OH 44106
County: 
Cuyahoga
Latitude: 
41.5088150
Longitude: 
-81.6250660
Directions: 
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.
Public Remarks: 
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.
Community Information
School District: 
East Cleveland CSD - 1812
Subdivision: 
James W Stewarts Sub
Building Details
Details about the building on a property.
Year Built: 
1920
Living Area: 
0.0
Basement: 
Apartment,Full,Unfinished,Walk-Up Access,Walk-Out Access
Construction
Foundation Details: 
Basement
Roof: 
Asphalt
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Other
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.34
Lot Size (Area): 
0.34
Lot Features
Parking Type: 
Additional Parking
Public Record
Parcel Number: 
119-05-029
Annual Tax: 
$6,390.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Keller Williams Citywide

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