Great clear CORNER COMMERCIAL zoned lot with easy communte to MidTown and Downtown Cleveland.
Please check specific plans with City and County.
Over $13 BILLION DOLLARS in development completed, under construction or planned in Cuyahoga County in the Cleveland Metro area. where the City of Cleveland since 2014, according to the report Opportunity CLE produced by the City of Cleveland and other stakeholders.
The opportunity is NOW.
Size: 11,221 Square Feet Or 0.258 Acres.
County: Cuyahoga County, OH.
GPS Clickable coordinates: 41.5454, -81.57791
Yearly Taxes: TBD.
Tax Area: Cleveland
County Use: 4000 – Commercial Vacant Land
Land Use: Commercial Lot
Lot Width/Depth: 120/2000 SF
Census Tract/Block: 116900/1004
Investing in Cleveland, Ohio real estate presents a highly compelling opportunity for astute investors seeking both short-term gains and long-term stability. Do you know why to purchasing Cleveland’s real estate is a wise choice:
Affordability: Cleveland offers one of the most affordable real estate markets in the United States. This affordability provides investors with an excellent entry point into the market, allowing for a lower upfront investment while still reaping the benefits of property ownership.
Steady Appreciation: While Cleveland’s real estate market may not experience rapid price surges seen in other markets, it is known for its steady and sustainable appreciation. This consistency is attractive to investors who prioritize long-term gains over short-lived spikes.
Diverse Economy: Cleveland boasts a diverse economy that is not overly dependent on a single industry. With strengths in healthcare, manufacturing, technology, and education, the city’s economic stability helps create a reliable demand for housing and rental properties.
Rental Demand: The city is home to several prestigious educational and medical institutions, including the Cleveland Clinic and Case Western Reserve University. These institutions attract students, faculty, and professionals, resulting in a consistent demand for rental properties.
Renovation and Revitalization: In recent years, Cleveland has seen a significant focus on urban renewal and redevelopment efforts. This has led to the revitalization of neighborhoods, the renovation of historic buildings, and the creation of attractive mixed-use spaces. Investing in such areas can offer substantial potential for appreciation as these neighborhoods continue to transform.
Strong Cash Flow: Cleveland’s affordable property prices combined with a stable rental demand contribute to strong cash flow potential for real estate investors. Rental income can provide a consistent stream of revenue, helping to offset ownership costs and generate positive returns.
Investor-Friendly Regulations: The city’s investor-friendly regulations and landlord laws provide a favorable environment for property owners. This makes property management and maintenance relatively straightforward, contributing to a hassle-free investment experience.
Proximity to Major Markets: Cleveland’s strategic location places it within a day’s drive of major cities such as Chicago, Detroit, Pittsburgh, and Toronto. This accessibility makes it a prime location for businesses and individuals looking to establish a presence in the Midwest.
Tourism and Culture: Cleveland’s cultural attractions, including the Rock and Roll Hall of Fame and the Cleveland Museum of Art, draw tourists from around the world. This tourist influx can present opportunities for short-term rentals and vacation properties.
Infrastructure Development: Continued investment in infrastructure, including transportation, public spaces, and amenities, enhances the overall quality of life in the city. This makes Cleveland an increasingly attractive place for both residents and businesses.