Land
2212 E 93rd Street
2212 East 93rd Street
Cleveland, OH 44106
- For Sale
- $1,000,000
Property Details:
- Property Type: Land
- Listing Type: Sale
- Square Feet Available: 0
- Sale Price: $1,000,000
- Submarket: Downtown/CBD Area - DN-Z1
- County: Cuyahoga County
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General Information
- Primary Use: Redevelopment
-
Size & Area
- Land Size (Acres): 1.02
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Zoning & Development
- Parcel Number: 119-33-022, 119-33-023, 119-33-024, 119-33-045, 119-33-046, 119-33-047, 119-33-105
Property Description:
1.02 acre development site adjacent to Cleveland Clinic - Rare land assemblage immediately next to the Cleveland Clinic main campus in one of the strongest employment hubs in Northeast Ohio. Vertical Development Opportunity – Site is currently approved for a 36-unit multifamily project (with potential to add more density). Plans Included with Sale – Transaction includes a complete set of approved architectural plans, allowing a developer to accelerate timeline and reduce entitlement risk. Exceptional Rental Fundamentals – University Circle/Clinic submarket features some of the highest rents in Cleveland with vacancy below 5%, driven by demand from Cleveland Clinic, University Hospitals and Case Western Reserve University. Attractive Basis – $1,000,000 Asking Price – Assemblage includes parcels acquired through the Cleveland Land Bank, creating a compelling entry price for a high-density urban development opportunity. Site is located within an opportunity zone. 15-year 100% tax abatement in place. Full underwriting model with construction costs available upon request.
