1836 79th St Cleveland, OH 44103

Property Details for 1836 79th St

Year built

1912

Construction

WOOD

Lot size

0.15 lot acres

Property size

5,592 SF

Zone code

MF-2

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

118-09-118

APU

11809118

Description

Exceptional opportunity to acquire a 6,400 square foot commercial land parcel in Cleveland, Ohio, ideally situated near the renowned Cleveland Clinic Main Campus. This cleared lot, located at 1836 E 79th St, is zoned MF-2 and presents significant development potential. Its proximity to high-end hotels, shopping, dining, and Cleveland's vibrant Midtown offers unparalleled convenience and accessibility. The property benefits from its location near public transportation on Chester Avenue and is just blocks from major Cleveland landmarks. The asking price is $25,000, representing a fraction of the cost of comparable properties in the area. This property is within an Opportunity Zone and may qualify for a 15-year tax abatement program, subject to city and county approval. Potential development projects could also qualify for the Greater Circle Living program. The property's APN is 118-09-118. Public water and sewer are available. Note that as of December 1, 2023, a proposal to re-zone the area to C3 is under consideration by the Cleveland City Planning Commission. If approved, this would allow for a wider range of uses, including one-family and two-family houses, apartment houses, and various commercial uses, with a height limitation of 3 stories/42 feet. Prospective buyers are encouraged to conduct their own due diligence with city and county officials regarding zoning, tax abatements, and development possibilities. This is a for sale by owner property with owner financing potentially available or build-to-suit options.