2630 Payne Ave - Warehouse FOR SALE


Cleveland, OH 44114- Midtown Cleveland
$1,900,000 USD
330-940-9360
2630 Payne Ave, Cleveland, OH for Sale
$1,900,000 USD
Warehouse - FOR SALE
1/20
null | Request Cap Rate

2630 Payne Ave
Cleveland, OH 44114
Midtown Cleveland


HIGHLIGHTS

  • Campus District
  • I-90 Visibility
  • Growth Location: CSU Master Plan Area

OVERVIEW

Student Housing Conversion: This 65,000 SF building, is located in a high growth area surrounding CSU Campus District, this redevelopment opportunity is within Cleveland State University’s Master Plan to capture student growth, with expected enrollment of 20,000 students in 2024. https://www.csuohio.edu/architect/csu-master-plan High visibility location, with immediate access to I-90. Located within the Opportunity Zone, built in 1921, this historic brick warehouse building has potential eligibility for Historic Preservation and/or New Market Tax Credits. Ideal for residential or mixed-use conversion. Includes property at 1764 E 27th Street, Cleveland.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1921

UTILITIES

-

CLEAR CEILING HT

15 Ft

DOCKS

4

DRIVE INS

1

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1

LAND SF

43,560

ZONING

SI-C4

APN/PARCEL ID

102-34-002,102-34-036

ASK ABOUT THIS PROPERTY

Joe ZumpanoHoff & Leigh Commercial Real EstateMore Info
330-940-9360

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Joe ZumpanoHoff & Leigh Commercial Real EstateMore Info
330-940-9360

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