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    73rd St And Chester Ave Cleveland, OH 44103

    For Sale
    $249,000

    0.22-acre lot, prime development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.22-acre commercial land parcel presents a rare investment opportunity in Cleveland's rapidly evolving Midtown corridor. Strategically positioned between the Cleveland Clinic's main campus and the new headquarters of the Cleveland Foundation, this property boasts excellent visibility and accessibility. The site offers frontage on Chester Avenue, a key thoroughfare in this burgeoning area. This location benefits from the revitalization efforts extending from East 55th Street and westward from University Circle, creating a dynamic and high-growth environment. The property's potential is further enhanced by the adjacency of a 0.2-acre Land Bank parcel, offering the possibility of expansion and potential rezoning to maximize development potential. This presents a unique chance to acquire a site in a location experiencing significant growth and investment, making it ideal for a variety of commercial ventures. The property is located in Cuyahoga County, Ohio, with a zip code of 44103. The address is E 73rd Street and Chester Avenue, Cleveland, OH. The asking price for this exceptional opportunity is $249,000.

    Property Features for 73rd St And Chester Ave

    General Information

    Property type
    Land
    Lot Size
    9,583 SF

    HighLights

    • Midtown Corridor location in Cleveland, OH.
    • Chester Avenue frontage.
    • Excellent proximity to Cleveland Clinic and Cleveland Foundation.
    • Adjacent to a 0.2‑acre Land Bank parcel, offering expansion potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.637843
    Latitude
    41.5060947

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    FAQs

    What type of property is this?
    Land - 0.22-acre lot, prime development opportunity.
    Where is this land located?
    The property is located at 73rd St And Chester Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Midtown Corridor location in Cleveland, OH.; Chester Avenue frontage.; Excellent proximity to Cleveland Clinic and Cleveland Foundation.
    (330) 940-9360
    Request Owner's contact information
    73rd St And Chester 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
    73rd St And Chester Ave Cleveland, OH 44103
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