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    5703 Hamlet Ave Cleveland, OH 44127

    For Sale
    Contact for pricing

    Prime Industrial Land Near Downtown Cleveland

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 13.36-acre parcel of land presents a unique opportunity for industrial development. Located at 5703 Hamlet Avenue in Cleveland, Ohio (zip code 44127), within Cuyahoga County, this property is zoned for light industrial use. Its strategic location offers significant advantages, including convenient access to major transportation arteries such as Interstate 77 and Interstate 490, facilitating efficient logistics and distribution. A key feature is the property's proximity to an active rail line, presenting potential for rail access, a significant asset for many industrial operations. The site is situated approximately two miles southeast of downtown Cleveland, providing easy access to a skilled workforce and a vibrant urban center. The vacant land is ready for immediate development, making it an ideal location for businesses seeking to establish or expand their operations in a well-connected and thriving industrial area. This substantial acreage offers ample space for a variety of industrial projects, from warehousing and distribution centers to manufacturing facilities. The property's zoning and location combine to create a compelling investment opportunity in a dynamic and growing market. Detailed site plans and surveys are available upon request.

    Property Features for 5703 Hamlet Ave

    General Information

    Property type
    Land
    Lot Size
    581,962 SF

    HighLights

    • Vacant industrial land for sale.
    • Railroad access available.
    • Excellent access to I‑77 and I‑490.
    • Two miles southeast of downtown Cleveland.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.647553
    Latitude
    41.469932

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    FAQs

    What type of property is this?
    Land - Prime Industrial Land Near Downtown Cleveland
    Where is this land located?
    The property is located at 5703 Hamlet Ave Cleveland, OH.
    What are key features of this property?
    This property features: Vacant industrial land for sale.; Railroad access available.; Excellent access to I-77 and I-490.
    Request Owner's contact information
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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
    5703 Hamlet Ave Cleveland, OH 44127
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