5703 Superior Ave Cleveland, OH 44103
- Commercial land
- 772 SF
- 0.37 lot acres
Current Use by Public Records
- Commercial land
Property Details for 5703 Superior Ave
- Year built
- 1989
- Lot size
- 0.37 lot acres
- Property size
- 772 SF
- Zone code
- RO
- Property type
- Commercial land
- APN
- 104-14-046
- APU
- 10414046
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.6509
- Latitude
- 41.5183
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
