1519 Lakeview Rd - Food Processing FOR SALE


Cleveland, OH 44112
$175,000 USD
301-706-4619
1519 Lakeview Rd, Cleveland, OH for Sale
$175,000 USD
Food Processing - FOR SALE
1/11
null | Request Cap Rate

1519 Lakeview Rd
Cleveland, OH 44112


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Hough Bakery | 3.14 Acres | Cleveland OH | AUCTION OCTOBER 5-7
  • ±3.14-Acre University Circle Opportunity: Large infill parcel offers redevelopment potential near Cleveland’s premier institutional district.
  • Steps from Major Medical & Academic Anchors: Case Western Reserve, Cleveland Clinic, and University Hospitals support year-round demand nearby.
  • Strong Fit for Student Housing Development: Ideal site for residences serving nearby universities and medical users.
  • Multiple Tax Credit Programs Available: Potential incentives may enhance project economics, subject to eligibility and buyer due diligence.
  • Dense Five-Mile Population and Workforce: Trade area includes 293,191 residents, 154,856 employees, and 13,281 businesses nearby.

OVERVIEW

Brokered by Cushman & Wakefield | CRESCO Real Estate and Marcus & Millichap, 1519 Lakeview Road in Cleveland, Ohio is a ±3.14-acre redevelopment opportunity positioned near University Circle. The Property offers access to major institutional and employment anchors including Case Western Reserve University, Cleveland Clinic Main Campus, University Hospitals, and Wade Oval’s cultural institutions. The site is well suited for student housing and could benefit from multiple available tax credit programs, subject to eligibility. The surrounding five-mile area includes approximately 293,191 residents, 154,856 employees, and 13,281 businesses, supporting strong housing and commercial demand.

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$1 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction – Former Hough Bakery | 3.14 Acres

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Food Processing

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1916

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

3.14

LAND SF

136,778

ZONING

2F

APN/PARCEL ID

120-13-027,120-13-028,120-13-029,120-25-007,672-01-001,672-01-002

ASK ABOUT THIS PROPERTY

Adam SklaverMarcus & MillichapMore Info
301-706-4619

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Adam SklaverMarcus & MillichapMore Info
301-706-4619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.