627 Iron Ave Dover, OH 44622
This exceptional mixed-use investment opportunity encompasses a 1-acre lot in Dover, Ohio, featuring four buildings totaling 8,981 square feet. The property, situated on East Iron Avenue, boasts over 275 feet of frontage and enjoys excellent visibility from the Boulevard. Its strategic location directly adjoins the Cleveland Clinic-Union Hospital, offering significant potential for growth and high traffic exposure. The property includes three parcels (APN: 1001194000 1001193000 1001592000), encompassing two residential properties and two commercial buildings. One residential building is a two-story home at 615 E Iron Ave, featuring three bedrooms, 1.5 baths, and a three-car attached garage. Another residential building at 627 E Iron Ave is a brick home with two bedrooms and one bath. Commercial structures include a 114 x 36 foot warehouse at 619 E Iron Ave and a 48 x 34 foot building at 627 E Iron Ave, equipped with an 8-foot overhead door. Built in 1910, this property is currently tenant-occupied and zoned for commercial use, presenting a unique opportunity for investors seeking a blend of residential and commercial income streams in a high-demand location. The property is considered Dover Township.
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
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