1944 71St St Cleveland, OH 44103
- Commercial real estate
- 0.36 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1944 71St St
- Lot size
- 0.36 lot acres
- Property type
- Commercial real estate
Description
This exceptional 0.36-acre commercial land parcel, located at 1944 E 71st Street in Cleveland, Ohio, presents a compelling development opportunity. Situated in the Midtown Mixed-use District, this property boasts 130 feet of frontage on Chester Avenue, offering significant visibility and accessibility. The site is zoned 1F-A / MMUD-2, allowing for a variety of potential uses. Currently, a 2,763 square foot residential home sits on the property, presenting the possibility of multifamily conversion. This hard corner site is further enhanced by its location within an Opportunity Zone and the burgeoning Health-Tech Corridor. The property consists of three parcels and is conveniently located in Cuyahoga County, Ohio, with the zip code 44103. Additionally, there is potential for expansion with approximately 0.46 acres of adjacent development land available at the corner of Chester Avenue between E 72nd Place and E 73rd Street. This presents a unique chance to acquire a strategically positioned property with significant upside potential in a rapidly developing area of Cleveland. The asking price for this remarkable opportunity is $450,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.6398517
- Latitude
- 41.505723
