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    14734 Lorain Ave Cleveland, OH 44111

    For Sale
    $1,350,000

    Cleveland Land - Build to Suit Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1.149-acre commercial land parcel, located at 14734-14740 Lorain Avenue, Cleveland, OH 44111, presents a unique investment opportunity in the Westpark area. The property consists of seven parcels (02428007, 008, 009, 010, 02428011, 02428012, 02428014), situated on Lorain Avenue and W 147th Street, offering a prime corner location ideal for retail development. The asking price is $1,350,000. Existing structures on the site will require demolition prior to development. This property is being offered for sale, or as a land lease with build-to-suit options. The property's strategic location and substantial size make it an attractive proposition for developers seeking a high-visibility site. Annual property taxes are $17,491.52. This is a rare chance to acquire a significant land holding in a thriving Cleveland neighborhood with excellent potential for a variety of commercial uses. The property is zoned for commercial use (verification required by buyer). Act quickly to secure this prime development opportunity.

    Property Features for 14734 Lorain Ave

    General Information

    Property type
    Land
    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 Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7993542
    Latitude
    41.4538814

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    FAQs

    What type of property is this?
    Land - Cleveland Land - Build to Suit Available
    Where is this land located?
    The property is located at 14734 Lorain Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $1,350,000.
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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
    14734 Lorain Ave Cleveland, OH 44111
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