1963 69Th St Cleveland, OH 44103
This exceptional 0.165-acre development opportunity is located in Cleveland, Ohio, at 1963 E 69th Street, within the Midtown Mixed-Use District (MMUD-2 zoning). The property, identified by APN 11808031, is situated between Chester Avenue and Euclid Avenue, directly behind the newly constructed Tru by Hilton Cleveland Midtown Hotel. The asking price is $825,000. Currently, three existing multifamily structures, totaling 2,399 square feet, are on the site. These buildings were constructed in 1910 and are spread across three stories. This presents a unique chance for redevelopment or adaptive reuse within a thriving urban area. The property's central location offers excellent access to amenities and transportation. The 0.165-acre lot provides ample space for a variety of development projects, making it an attractive investment for developers seeking a prime location in a rapidly growing neighborhood. The existing structures offer potential for renovation or demolition, allowing for flexibility in project design. This is a rare opportunity to acquire a significant parcel in a highly desirable area of Cleveland. The property's zoning allows for a range of mixed-use developments, ensuring a diverse range of potential uses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.