Historic Warehouse Conversion Opportunity

2630 Payne Ave, Cleveland, OH

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For Sale

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

Type:INDUSTRIAL

Property size:

65,188 SF

Lot size:

1.04 Acres

Price / SF:

$29/SF

HighLights

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.
Potential eligibility for Historic Preservation and/or New Market Tax Credits.
Located within an Opportunity Zone.
High visibility location with immediate access to I‑90.

We can help!

Listing Contact

Joe Zumpano

For Sale

Contact for pricing

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

Type:INDUSTRIAL

Property size:

65,188 SF

Lot size:

1.04 Acres

Price / SF:

$29/SF

Added:: Oct 1, 2024
Days on Market:: 622
Last Refresh:: May 20 at 9:00 pm

Property Features for 2630 Payne Ave

General Information

Standard status: Active
Size: 65,188 SF
Lot size: 1.04 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Joe Zumpano

Listing agent Joe Zumpano License #SAL.2015004596

Listing office Hoff & Leigh

Listing date Oct 1, 2024

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Hoff & Leigh

HighLights

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.
Potential eligibility for Historic Preservation and/or New Market Tax Credits.
Located within an Opportunity Zone.
High visibility location with immediate access to I‑90.

Overview

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 Location Intelligence

Current Use by Public Records

Twin Lanes Pro-Shop (Bike/Boat/Book/etc) Store Ohio Wholesale Business ... Big Box & Wholesale Store

Suggested Use

Location Insight

Map
Local Demand

City: Cleveland
County: Cuyahoga
State: Ohio
Longitude: -81.6703
Latitude: 41.5072

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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.**

2630 Payne Ave, Cleveland, OH

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

Property Features for 2630 Payne Ave

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Freestanding Office Building

Turnkey Retail Building in Cleveland

Asian Town Mixed-Use Assemblage

Renovated Three-Unit Multifamily

Remodeled Six-Plex on Dead-End Street

Daycare Facility in Cleveland, OH

Mixed-Use Office and Residential Property

Turnkey Bar and Restaurant with Banquet Hall

Retail Store with Brick Front

Turnkey Triplex in South Collinwood

Turnkey Entertainment Venue Opportunity

Spacious Cleveland Duplex Investment Opportunity

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