3395 53 Plc Cleveland, OH 44127
This exceptional special-purpose property, located at 3395 E 53rd Street in Cleveland, Ohio, presents a unique investment opportunity. The property, situated on a 1.839-acre lot, comprises five buildings with four stories each, totaling approximately 59,000 square feet. Originally constructed in 1927, the Class B building boasts a rich history within the Slavic Village neighborhood. The property is zoned 2F-B1 and features a connected gymnasium and kitchen on the lower level, adding significant versatility. The building is currently vacant and immediately available for lease. Its convenient location offers quick access to major highways, public transportation (bus routes), and the recently developed Opportunity Corridor, enhancing its accessibility and potential for various uses. While the property has undergone updates and repairs, specific details of these improvements are available upon request. Ample parking is also available on-site. The Cuyahoga County location, with APN 13121009, provides further identification and access to local resources. This property is ideal for a variety of uses, given its size, amenities, and strategic location. The single-tenant configuration offers a streamlined occupancy experience. Inquire today to learn more about this remarkable opportunity.
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
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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.