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5455 N Marginal Rd Cleveland, OH 44114

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For Sale
$5,990,000

4.288 acres of Lake Erie frontage in Cleveland, Ohio.

Lot size:
4.29 Acres

Property Features for 5455 N Marginal Rd

General Information

Lot size
4.29 Acres

Source: Shoreway Realty Group Agent Shoreway Realty Group

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


Overview

Lake Erie Frontage Land Parcel

This property features 4.288 acres of land with frontage on Lake Erie in Cleveland, Ohio. The site has been granted a 15-year residential tax abatement by the city of Cleveland, providing 100% abatement for all improvements over the property's tax value upon project construction. Additionally, the project and site have secured a 30-year tax increment financing (TIF), which allows for the abatement of the increase in value over the current tax value for real estate taxes not payable to the Cleveland Municipal School District for 30 years after construction completion. Cleveland Metro Parks is developing a $13 million passive park with walkways, picnic tables, barbecue/grilling areas, park benches, and lakeside viewing areas.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Quay 55 Apartment Building Kyo No En ... Caterer Kyo No En Caterer The Shoreline Apartments Apartment Building Law Office of Carter ... Attorney

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Cleveland
County
Cuyahoga
State
Ohio
Longitude
-81.655303
Latitude
41.5299515

FAQs

What type of property is this?
Land - 4.288 acres of Lake Erie frontage in Cleveland, Ohio.
Where is this land located?
The property is located at 5455 N Marginal Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $5,990,000.
What are key features of this property?
This property features: - 4.288 acres of Lake Erie frontage in Cleveland, Ohio.; - Benefit from a **15-year residential tax abatement** (100% abatement for improvements).; - **30-year Tax Increment Financing (TIF)** abates taxes not payable to the Cleveland Municipal School District.
More about this property
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