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1235 W 65th St 8,311 SF Industrial Building Cleveland, OH 44102 $1,920,000 ($231.02/SF)
Investment Highlights
- Stunning views of Lake Erie and Downtown Cleveland
- Development opportunity
Executive Summary
Exceptional Development Opportunity with Panoramic Lake & City Views
Currently an 8,311 sq ft warehouse, this property offers outstanding potential for visionary development. Enjoy access to Edgewater
Park, where you can relax on sandy beaches, explore scenic trails, and take in breathtaking Lake Erie sunsets—all just minutes from
your doorstep.
A renowned architect has proposed an innovative concept: constructing twin towers, each with six spacious 2,000 sq ft units (totaling
12 luxury residences), all elevated above a first-floor garage. The design envisions a shared common area bridging the two
buildings, fostering community and maximizing the spectacular vistas. From the second floor up, every unit would enjoy sweeping,
unobstructed views of Lake Erie and the Cleveland skyline—an amenity that promises instant value and lasting appeal. At a projected
value of $400 per sq ft, this development could realize nearly $9.6MM in finished value, making the $2MM land cost an attractive
20% of the total.
Comparable to the acclaimed “The Raye” in Shaker Heights, this site is primed for an iconic project—or let your
imagination shape the future here.
Currently an 8,311 sq ft warehouse, this property offers outstanding potential for visionary development. Enjoy access to Edgewater
Park, where you can relax on sandy beaches, explore scenic trails, and take in breathtaking Lake Erie sunsets—all just minutes from
your doorstep.
A renowned architect has proposed an innovative concept: constructing twin towers, each with six spacious 2,000 sq ft units (totaling
12 luxury residences), all elevated above a first-floor garage. The design envisions a shared common area bridging the two
buildings, fostering community and maximizing the spectacular vistas. From the second floor up, every unit would enjoy sweeping,
unobstructed views of Lake Erie and the Cleveland skyline—an amenity that promises instant value and lasting appeal. At a projected
value of $400 per sq ft, this development could realize nearly $9.6MM in finished value, making the $2MM land cost an attractive
20% of the total.
Comparable to the acclaimed “The Raye” in Shaker Heights, this site is primed for an iconic project—or let your
imagination shape the future here.
Property Facts
| Price | $1,920,000 | Rentable Building Area | 8,311 SF |
| Price Per SF | $231.02 | No. Stories | 1 |
| Sale Type | Owner User | Year Built/Renovated | 1940/1994 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 0.30 AC | ||
| Zoning | SI | ||
| Price | $1,920,000 |
| Price Per SF | $231.02 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.30 AC |
| Rentable Building Area | 8,311 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1940/1994 |
| Tenancy | Single |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | SI |
Amenities
- Bus Ducts
- Floor Drains
Utilities
- Lighting - Mercury
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 002-10-002 | Improvements Assessment | $45,990 |
| Land Assessment | $17,185 | Total Assessment | $63,175 |
Property Taxes
Parcel Number
002-10-002
Land Assessment
$17,185
Improvements Assessment
$45,990
Total Assessment
$63,175
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1235 W 65th St
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