3775 33rd St Cleveland, OH 44109-2593

Property Details for 3775 33rd St

Year built

1929

Construction

WOOD

Lot size

0.08 lot acres

Property size

2,682 SF

Zone code

2F

Property type

Office buildings

APN

015-24-120

APU

1524120

Description

This unique Cleveland, Ohio mixed-use property, located at 3775 W 33rd St, offers a compelling redevelopment opportunity. The 5,900 square foot building, situated on a 3,659 square foot lot (APN 015-24-120), boasts a two-story design constructed in 1929 and renovated in 2023. Currently vacant, this Class B building presents a blank canvas for creative vision. The property features two units and one pad, with permitted mixed-use zoning. The interior showcases a voluminous open-concept layout, ideal for a variety of uses. The unique drive-in basement offers concrete floors and ceilings with steel I-beams and joists, full-height ceilings, conditioned space, plumbing, electrical drops, and a 200-amp service. The asking price is $369,000, translating to $62.54 per square foot. The pro-forma NOI is $43,200, resulting in an attractive pro-forma cap rate of 11.71%. This property presents a rare chance to acquire a versatile space in a desirable Cleveland location, perfect for residential, office, warehouse, or a combination thereof. The building's history and unique features combine to create a truly exceptional investment opportunity. The property is currently vacant, allowing for immediate customization to suit the buyer's specific needs and vision. The substantial square footage and flexible zoning provide ample room for creativity and innovation. This is a chance to own a piece of Cleveland's history and shape its future.

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Longitude

-81.7048

Latitude

41.4522

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments