Land For Sale • 1.02 AC
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.
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Cleveland Lakefront Station (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) | 15 min | - | 5.6 mi |
| Rockside (National Park Scenic Railway - Cuyahoga Valley Scenic Railroad) | 19 min | - | 10.0 mi |
| Transit/Subway | Drive | Walk | Distance |
| East 105 - Quincy (Red Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) | 1 min | 12 min | 0.6 mi |
| Cedar - University (Red Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) | 2 min | 19 min | 1.0 mi |
| Airport | Drive | Walk | Distance |
| Cleveland-Hopkins International | 28 min | - | 16.0 mi |