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Property profile & analytics
OFF-MARKET
Commercial real estate

1963 69Th St Cleveland, OH 44103

2,399 SF 0.17 ac lot Built 1910
Property ID
US66-0328834
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1910
Total area 2,399 SF
Lot 0.17 ac (7,187 SF)
APN 11808031
UPID US66-0328834
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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