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2212 E 93rd St - Cleveland Clinic Apartment Development Site 1.02 Acres of Commercial Land Offered at $1,000,000 in Cleveland, OH 44106
Executive Summary
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.
Property Facts
| Price | $1,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.02 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $1,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 1.02 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $1,000,000 | Lot Size | 1.02 AC |
| Price Per AC | $980,392.16 |
| Price | $1,000,000 |
| Price Per AC | $980,392.16 |
| Lot Size | 1.02 AC |
1.02 acre development site adjacent to Cleveland Clinic. Rare land assemblage immediately next to the Cleveland Clinic main campus. Vertical Development Opportunity. Site is currently approved for a 36-unit multifamily project.
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Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $40,775 | |
| Land Assessment | $12,110 | Total Assessment | $52,885 |
Property Taxes
Parcel Numbers
Land Assessment
$12,110
Improvements Assessment
$40,775
Total Assessment
$52,885
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2212 E 93rd St - Cleveland Clinic Apartment Development Site
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