2101 46Th St Cleveland, OH 44103
This exceptional 16,194 square foot church complex presents a unique redevelopment opportunity in Cleveland's vibrant Midtown neighborhood. Built in 1940, this two-story building sits on a 0.282-acre lot and is zoned MF-1, offering considerable flexibility for future use. The property's prime location offers easy access to Downtown Cleveland's central business district, placing it within minutes of a thriving commercial core. Midtown itself boasts a rich history as a center of innovation, and continues to thrive with a diverse blend of businesses, manufacturing facilities, and residential properties. The asking price is $525,000, translating to $32.42 per square foot. The property's address is 2101 E 46th St, Cleveland, OH 44103, and its APN is 103-18-001. This presents a rare chance to acquire a substantial property in a rapidly evolving area with significant potential for future development and substantial return on investment. The building's substantial size and versatile zoning provide a blank canvas for creative redevelopment projects, catering to a wide range of potential uses. This is an opportunity not to be missed for investors seeking a high-impact project in a dynamic urban setting.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.