Commercial Real Estate for Sale at 1780 E 89th Street in Cleveland, OH for $350,000

1780 E 89th Street | Cleveland

Introducing an exceptional value-add opportunity in Cleveland\u2019s emerging E. 89th Street corridor. Walking distance to 2 of Cleveland\u0027s Premier Hospitals and University Circle Area. Solid brick, eight-unit building (14,540 sq ft) sits on a double lot and comes fully permit-ready for an approved 16-unit expansion\u2014plans crafted by LDA Architects and variances already in hand. \r\nWhy Investors Are Taking Notice:\r\nShovel-Ready Upside:\u00A0City-approved architectural drawings and zoning variances mean you can break ground almost immediately.\r\nStrong Cash-Flow Potential:\u00A0The stabilized 16-unit project carries a recent appraisal near $3.6 million.\r\nAttractive Incentives:\u00A0Low-interest city loans, extended state historic credits and anticipated federal credits, plus a 15-year tax abatement, all bolster your return.\r\nLand Assembly:\u00A0Includes the neighboring parcel, with the option to secure a third lot for additional parking.\r\nPrime Location:\u00A0Convenient to downtown Cleveland, major highways, and growing retail corridors\u2014ideal for attracting long-term tenants.\r\nDon\u2019t miss this rare turnkey development play. Detailed financials, full plans, and incentive summaries available upon request. Serious inquiries only\u2014schedule your site tour today. MLSNow 5156748 Directions to property: Drive along I-90 E/OH-2 Exit on Martin Luther King Jr. Dr. Take Crawford Road to E89th St Turn right ONTO WADE Park Avenue, left turn onto E89th St. Continue on E 89th building on the right