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USAOHClevelandJames W Stewarts Sub1780 E 89Th St
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$350,000

1780 E 89 Th St, Cleveland, OH

Real Estate

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size  sqft
Garage No
Maintenance Fees 
Taxes $6,392
Days Active 0
Approx. Age 1920
MLS® Number 5156748

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Introducing an exceptional value-add opportunity in Cleveland’s emerging E. 89th Street 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 lot and comes fully permit-ready for an approved 16-unit expansion—plans crafted by LDA Architects and variances already in hand. Why Investors Are Taking Notice: Shovel-Ready Upside: City-approved architectural drawings and zoning variances mean you can break ground almost immediately. Strong Cash-Flow Potential: The stabilized 16-unit project carries a recent appraisal near $3.6 million. Attractive Incentives: Low-interest city loans, extended state historic credits and anticipated 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.Show Description
MLS® Number5156748
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1920
Stories3
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatHot Water, Steam
A/C
Heating Fuel

Extras

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