Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2630 Payne Ave Cleveland, OH 44114

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,900,000

    65,000 SF building near CSU campus, ideal for redevelopment.

    Property size:
    65,188 SF
    Lot size:
    1.04 Acres

    Property Features for 2630 Payne Ave

    General Information

    Size
    65,188 SF
    Lot size
    1.04 Acres

    Source: Hoff & Leigh Agent Joe Zumpano

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Warehouse Conversion Opportunity

    This 65,000 SF building presents a redevelopment opportunity in a high-growth area near the CSU Campus District. The location is within Cleveland State University’s Master Plan, designed to accommodate student growth, with an anticipated enrollment of 20,000 students in 2024. The historic brick warehouse building, constructed in 1921, is situated in an Opportunity Zone and may be eligible for Historic Preservation and/or New Market Tax Credits. The property is suitable for residential or mixed-use conversion. It also includes the property at 1764 E 27th Street, Cleveland. The location offers high visibility and immediate access to I-90.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Twin Lanes Pro-Shop Bowling Supply Shop Ohio Wholesale Business ... Furniture Wholesaler

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Law Firm Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6702793
    Latitude
    41.5071642

    Nearby Similar for Sale

    • New
      $485,000
      0.08 Acres

      Portfolio of Four Cleveland Properties

      Four properties with income potential in Cleveland and Lorain, Ohio.
      6306 Flowerdale Ave, Cleveland, OH 44144
      View Details
    • $148,500
      Pending

      Renovated Tenant-Occupied Triplex For Sale

      Completely renovated, tenant-occupied triplex with strong rental income.
      12322 Fairport Ave, Cleveland, OH 44118
      View Details
    • $148,500
      Pending

      Renovated Tenant-Occupied Cleveland Triplex

      Completely renovated, tenant-occupied triplex with strong rental income.
      12322 Fairport Ave, Cleveland, OH 44118
      View Details
    • New
      $485,000
      0.08 Acres

      Updated Multifamily Portfolio Opportunity

      Four-property portfolio with income potential and recent updates.
      6306 Flowerdale Ave, Cleveland, OH 44144
      View Details
    • $300,000
      Pending

      Charming Edgewater Duplex with Updates

      Well-maintained duplex in Edgewater with turnkey investment potential.
      10211 Baltic Rd, Cleveland, OH 44102
      View Details
    • $579,900
      0.10 Acres

      Renovated Triplex in Ohio City

      Completely renovated, tax abated triplex near West 25th Street.
      3823 John Ave, Cleveland, OH 44113
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 65,000 SF building near CSU campus, ideal for redevelopment.
    Where is this mixed-use property located?
    The property is located at 2630 Payne Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Located in high-growth area near CSU Campus District with expected enrollment of 20,000 students in 2024.; - Redevelopment opportunity within Cleveland State University’s Master Plan.; - **65,000 SF building ideal for residential or mixed-use conversion.**
    (330) 990-0847
    Request Owner's contact information
    2630 Payne Ave Cleveland, OH 44114
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2630 Payne Ave
    Cleveland, OH 44114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2630 Payne Ave Cleveland, OH 44114
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.