Harvard Rd Beachwood, OH 44122
This chapter (Class U-10 District) is established, among other purposes, to create jobs, to create taxable land for the benefit of the City, the School District, the County and other taxing districts and to encourage the comprehensive design and integrated development of large tracts of land suitable for a variety of mutually supported commercial, industrial…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
U-10 · Beachwood, OHThis chapter (Class U-10 District) is established, among other purposes, to create jobs, to create taxable land for the benefit of the City, the School District, the County and other taxing districts and to encourage the comprehensive design and integrated development of large tracts of land suitable for a variety of mutually supported commercial, industrial and retail uses. The general purposes of this Planned Unit District (PUD) are served by the following basic principles: (a) Comprehensive planning of large tracts of land promotes the creation of jobs, providing opportunities for the integration of various development projects and clearly identifiable growth centers in a region. (b) Comprehensive planning and different types of uses can be successfully integrated and provide functional convenience and efficiency in the provision of public services and infrastructure. (c) Comprehensive planning and integrated design with higher densities of development than are otherwise permitted in this Code can be accommodated in a PUD without loss of environmental or other quality. The general benefits of higher density include greater productivity of land, more efficient utilization of transportation and utilities, more convenient access between different developments, the potential for higher development returns that can be channeled towards provision of higher level pedestrian and open space amenities, and a concentration within a limited area of the critical mass of people necessary to support varied uses. (d) Comprehensive planning and integrated design of large tract of land allow for better detailed definition and administration of architectural and landscape design controls. The advantages of comprehensively planned and designed mixed-use development cannot be achieved by the standard application of existing zoning laws for individual type uses. The Class U-10 District, therefore, is a combination zoning classification, providing for a variety of development types under special developmental standards that are only applicable to the uses in this district. (Ord. 2018-94. Passed 10-21-19) 1132.02 - Permitted uses. (a) Buildings and land in the Class U-10 District shall be used and buildings shall be designed, erected, altered or intended only for the uses specifically designated as Class U-10 uses in this section or in Section 1111.02 , except that other uses determined to be similar, harmonious and compatible may be authorized by the with the concurrence of Council.
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.