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$1 Auction – Former Hough Bakery | 3.14 Acres 1519 Lakeview Rd 111,733 SF Industrial Building Cleveland, OH 44112 $175,000 ($1.57/SF)
Investment Highlights
- ABSOLUTE $1 AUCTION | Former Hough Bakery | 3.14 Acres | Cleveland OH | AUCTION OCTOBER 5-7
- Steps from Major Medical & Academic Anchors: Case Western Reserve, Cleveland Clinic, and University Hospitals support year-round demand nearby.
- Multiple Tax Credit Programs Available: Potential incentives may enhance project economics, subject to eligibility and buyer due diligence.
- ±3.14-Acre University Circle Opportunity: Large infill parcel offers redevelopment potential near Cleveland’s premier institutional district.
- Strong Fit for Student Housing Development: Ideal site for residences serving nearby universities and medical users.
- Dense Five-Mile Population and Workforce: Trade area includes 293,191 residents, 154,856 employees, and 13,281 businesses nearby.
Executive Summary
Brokered by Cushman & Wakefield | CRESCO Real Estate and Marcus & Millichap, 1519 Lakeview Road in Cleveland, Ohio is a ±3.14-acre redevelopment opportunity positioned near University Circle. The Property offers access to major institutional and employment anchors including Case Western Reserve University, Cleveland Clinic Main Campus, University Hospitals, and Wade Oval’s cultural institutions. The site is well suited for student housing and could benefit from multiple available tax credit programs, subject to eligibility. The surrounding five-mile area includes approximately 293,191 residents, 154,856 employees, and 13,281 businesses, supporting strong housing and commercial demand.
Property Facts
Fairly walkable
50/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,400 | |
| Land Assessment | $42,385 | Total Assessment | $43,785 |
Property Taxes
Parcel Numbers
Land Assessment
$42,385
Improvements Assessment
$1,400
Total Assessment
$43,785
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