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    18805 Neff Rd Cleveland, OH 44119

    Sponsored
    For Sale
    $179,000

    1.79-acre apartment building opportunity.

    Property size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.79-acre property, located at 18805 W Neff Rd in Cleveland, Ohio (zip code 44119), is offered for sale at $179,000. Designated as an Opportunity Zone, this multifamily land parcel is zoned RO-C1 Residence-Office, allowing for diverse development options. Permitted uses extend beyond residential, including nursing homes, childcare centers, and office buildings. The site boasts prime freeway exposure, situated directly off I-90, ensuring high visibility and accessibility. This location places the property within the vibrant 185th Market District, alongside established businesses such as Muldoon's, The Standard, Cebars, Scotti's Italian Eatery, Martins Menswear, Gus' Diner 185, and the historic La Salle Theatre. Furthermore, its proximity to Cleveland Clinic Euclid Hospital and Villa-Angela-St. Joseph High School adds significant value and potential. The property's square footage is not currently specified. This presents a unique investment opportunity in a thriving Cleveland neighborhood.

    Property Features for 18805 Neff Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    1 SF
    Lot Size
    77,972 SF

    HighLights

    • 1.79‑acre multi‑family land parcel for sale at $179,000.
    • Located in an Opportunity Zone.
    • Zoned RO‑C1 (Residence‑Office), allowing for nursing homes, childcare centers, and office buildings.
    • High visibility with freeway exposure directly off I‑90.
    • Situated in the 185th Market District, within the 185th Business Corridor near established businesses including Muldoon's, The Standard, and others.
    • Close proximity to Cleveland Clinic Euclid Hospital and Villa Angela‑St. Joseph High School.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -81.5472422
    Latitude
    41.5793651

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    FAQs

    What type of property is this?
    Multifamily property - 1.79-acre apartment building opportunity.
    Where is this multifamily property located?
    The property is located at 18805 Neff Rd Cleveland, OH.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: 1.79-acre multi-family land parcel for sale at $179,000.; Located in an Opportunity Zone.; Zoned RO-C1 (Residence-Office), allowing for nursing homes, childcare centers, and office buildings.
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    Cleveland, OH 44119
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    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
    18805 Neff Rd Cleveland, OH 44119
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