Land
Aerospace Parkway (12.63 AC)
Aerospace Parkway
Brook Park, OH 44142
- For Sale
- $1,500,000
Property Details:
- Property Type: Land
- Listing Type: Sale
- Square Feet Available: 0
- Sale Price: $1,500,000
- Submarket: I-71/I-480/Airport Area - SW-Z1
- County: Cuyahoga County
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Zoning & Development
- Parcel Number: 341-36-011, 341-30-004, 341-05-001, 341-36-008
Property Description:
This 12.63-acre development opportunity spans four parcels with frontage along Aerospace Parkway, located within the Aerozone Alliance Tech Park adjacent to Cleveland Hopkins International Airport and NASA Glenn Research Center. The U6-zoned commercial property is suited for research and development, benefits from Federal Opportunity Zone and Community Reinvestment Area tax incentives (offering up to 100% tax abatement for 15 years on qualifying improvements), and has access to I-71, I-480, and public transit. Surrounded by major employers like Ford Engine Plant #1, GM, Amazon, UPS, FedEx, and Marc’s Distribution, the wooded site is close to Bagley Road retail, Southland Shopping Center, and the I-X Center, with additional city-owned parcels (3.4 adjacent acres and 4.7 acres along Cedar Point Road) also available.
