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    5703 Superior Ave Cleveland, OH 44103

    Sponsored
    For Lease
    $1.72 SF/Yr

    17,424 SF Lot, Excellent Location

    Lot size:
    17,424 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 17,424 square foot commercial land parcel presents a unique investment opportunity in the vibrant city of Cleveland, Ohio. Located in Cuyahoga County at 5703 Superior Avenue, this single-tenancy vacant lot boasts a generous 73-foot frontage, offering significant potential for development or redevelopment. The property is currently available for lease, presenting a blank canvas for a variety of commercial ventures. With a total annual rent of $35,542, or $2,964.83 per month, this represents a compelling return on investment. Real estate taxes are $2,542 annually, or $211.83 monthly. The property's size and location make it ideal for a range of commercial uses, from retail establishments to light industrial operations. The absence of existing structures allows for complete design flexibility, tailored to the specific needs of the future tenant. This is a rare opportunity to acquire a strategically located commercial land parcel in a thriving urban area. The property's size and location offer significant advantages for businesses seeking a high-visibility presence in a bustling Cleveland neighborhood. The favorable lease terms make this an attractive proposition for both established businesses and new ventures. Serious inquiries are encouraged to explore the possibilities of this prime commercial land.

    Property Features for 5703 Superior Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,424 SF

    Unit(s) available at that property

    Space
    Size
    17,424 SF
    Rate per SF
    $1.72

    HighLights

    • 17,424 SF vacant commercial land parcel available for lease.
    • Located at 5703 Superior Ave, Cleveland, OH 44103 in Cuyahoga County.
    • Single‑tenant occupancy.
    • 73‑foot frontage.
    • Annual rent: $29,542; Monthly rent: $2,964.83; Real Estate Taxes: $2,542 annually ($211.83 monthly).
    Property Profile 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
    -81.651053
    Latitude
    41.518257

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    FAQs

    What type of property is this?
    Land - 17,424 SF Lot, Excellent Location
    Where is this land located?
    The property is located at 5703 Superior Ave Cleveland, OH.
    What is the lease rate?
    The lease rate is $1.72 SF/Yr.
    What are key features of this property?
    This property features: 17,424 SF vacant commercial land parcel available for lease.; Located at 5703 Superior Ave, Cleveland, OH 44103 in Cuyahoga County.; Single-tenant occupancy.
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    5703 Superior Ave Cleveland, OH 44103
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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 Superior Ave Cleveland, OH 44103
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