2212 E 93rd St - Commercial LAND FOR SALE


Cleveland, OH 44106- Fairfax44,431 SF
$1,000,000 USD
216-525-1488
2212 E 93rd St, Cleveland, OH for Sale
$1,000,000 USD
Commercial LAND - FOR SALE
1/4
44,431 SF

2212 E 93rd St
Cleveland, OH 44106
Fairfax


OVERVIEW

1.02 acre development site adjacent to Cleveland Clinic - Rare land assemblage immediately next to the Cleveland Clinic main campus in one of the strongest employment hubs in Northeast Ohio. Vertical Development Opportunity – Site is currently approved for a 36-unit multifamily project (with potential to add more density). Plans Included with Sale – Transaction includes a complete set of approved architectural plans, allowing a developer to accelerate timeline and reduce entitlement risk. Exceptional Rental Fundamentals – University Circle/Clinic submarket features some of the highest rents in Cleveland with vacancy below 5%, driven by demand from Cleveland Clinic, University Hospitals and Case Western Reserve University. Attractive Basis – $1,000,000 Asking Price – Assemblage includes parcels acquired through the Cleveland Land Bank, creating a compelling entry price for a high-density urban development opportunity. Site is located within an opportunity zone. 15-year 100% tax abatement in place. Full underwriting model with construction costs available upon request.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/ACRE

$980,392/AC

PRICE/SF

$23 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Cleveland Clinic Apartment Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family

LAND ACRES

1.02 AC

LAND SF

44,431 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

119-33-022,119-33-023,119-33-024,119-33-045,119-33-046,119-33-047,119-33-105

ASK ABOUT THIS PROPERTY

David LebCushman & Wakefield | CRESCO Real EstateMore Info
216-525-1488

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David LebCushman & Wakefield | CRESCO Real EstateMore Info
216-525-1488

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