55 Erieview Plz Cleveland, OH 44114

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.