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55 Erieview Plz Cleveland, OH 44114

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For Sale
Contact for pricing

Downtown Cleveland conversion project, high potential.

Property size:
80,500 SF

Property Features for 55 Erieview Plz

General Information

Property type
Automotive properties
Square Feet
80,500 SF
Class
C

Building Details

Year Built
1971
Buildings
1
Stories
7

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Listing Contact
Dan Lariccia
Dan Lariccia

Listing Agency: Passov Real Estate Group Listing Agent: Dan Lariccia

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

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Property Insight Report

Overview

This exceptional 80,500 square foot property at 55 Erieview Plaza in Cleveland, Ohio, presents a unique redevelopment opportunity. The seven-story, Class C building, constructed in 1971, is currently vacant and offers a blank canvas for a transformative project. With floor plates of 11,500 square feet and an additional 10,000 square foot lower level, the possibilities are vast. Consider conversion into a stylish apartment complex, a much-needed parking garage, or a mixed-use development. The asking price is $1,900,000, translating to a competitive price per square foot of $23.60. This prime downtown location within Cuyahoga County (zip code 44114) is surrounded by ongoing residential and retail development, including 368 new apartment units currently under construction nearby. The strategic location near key amenities, businesses, and a substantial employee population ensures strong potential for future occupancy and rental income. This investment opportunity is further enhanced by automatic eligibility for Federal Tax Credits, with the possibility of additional State Tax Credits. This is a value-add investment in a bustling market poised for significant growth. The property's mixed-use zoning allows for flexibility in development plans, catering to a variety of potential uses. This is a rare chance to acquire a substantial property in a rapidly evolving urban core.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Acumen Property Management Property Management Company New Erieview Rehabilitation ... Rehabilitation Center Bj J Showman Dental Office Gsource Technologies LLC Renovation Specialist Dr. Bj Showman Dental Office

Suggested Use

Real Estate Agency Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Cleveland
County
Cuyahoga
State
Ohio
Longitude
-81.689604521601
Latitude
41.505355063244

FAQs

What type of property is this?
Automotive property - Downtown Cleveland conversion project, high potential.
Where is this automotive property located?
The property is located at 55 Erieview Plz 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: 80,500 SF vacant Class C building in downtown Cleveland, OH.; Seven-story building with 11,500 SF floor plates and a 10,000 SF lower level.; Asking price: $1,900,000 ($23.60/SF).
(216) 453-3082 Call to check price and availability
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