1808 31st St Cleveland, OH 44114
This exceptional 0.122-acre commercial lot presents a unique investment opportunity in Cleveland, Ohio. Currently featuring a 5,487 square foot paved parking lot, this property is ideally situated at 1808 East 31st Street, in the 44114 zip code, within Cuyahoga County. Its strategic location offers excellent highway access and is in close proximity to Downtown Cleveland, Cleveland State University (CSU), and the Cleveland Clinic, ensuring high visibility and accessibility. The property is zoned Semi-Industrial (SI), making it suitable for a variety of commercial uses. Adding to its appeal, this lot is located within an Opportunity Zone, potentially offering significant tax advantages for qualified investors. The lot's size, existing infrastructure, and prime location combine to create a compelling opportunity for development or expansion. The property's APN is 10235052. This is a rare chance to acquire a well-positioned commercial parcel in a thriving urban area. The asking price is to be determined.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SI · Cleveland, OHCleveland. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.