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35783 Lake Shore Blvd - 5.66 Acres w/ 4 homes in Eastlake, OH 5.66 Acres of Commercial Land Offered at $765,000 in Eastlake, OH 44095

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INVESTMENT HIGHLIGHTS

  • Heavy Lakeshore Blvd Traffic
  • Many uses, see attached pdf- zoning for lakeshore development district.
  • The Gateway into the Eastlake Marina District!

EXECUTIVE SUMMARY

Eastlake's Marina District! A combination of 11 parcels making up 5.66 acres directly on Lakeshore Blvd in Eastlake along with 4 single family homes that sit on the lot. Possible future uses include mini storage, marina sales, multifamily, residential townhomes, mobile home park, retail strip center, medical, entertainment/restaurant, single family homes, etc. A copy of the Lakeshore Development District purpose and permitted uses is attached in the MLS listing supplements. This property is primed for development; the area is seeing massive growth with new construction of residential homes in the 700k range directly on the river (6 currently listed for sale, 2 already built). The new Chagrin Tavern on the riverfront is attracting many people to the area and there is a brand new riverfront TIKI BAR named Castaways! All of the (5) yacht clubs on the Chagrin River are at capacity with waiting lists for new members. This is the time to acquire this property that has a multitude of potential uses, splits, etc. This high traffic street serves as a corridor for Eastlake's marina, lakefront, and river attributes. A plat map is included in the photos showing the approximate boundary. The western boundary is the Don Tequila restaurant and the Eastern Boundary is Hartford St. See broker remarks section for a list of parcel numbers included. Although there are 4 single family homes on property, this listing is prime for new development. Please do not disturb the residents

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL ANNUAL PER AC
Gross Rental Income $33,600 $5,936.40
Other Income - -
Vacancy Loss - -
Effective Gross Income $33,600 $5,936.40
Taxes $12,000 $2,120.14
Operating Expenses - -
Total Expenses $12,000 $2,120.14
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2023)

Gross Rental Income
Annual $33,600
Annual Per AC $5,936.40
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual $33,600
Annual Per AC $5,936.40
Taxes
Annual $12,000
Annual Per AC $2,120.14
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $12,000
Annual Per AC $2,120.14
Net Operating Income
Annual -
Annual Per AC -

PROPERTY FACTS

Price $765,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Marina
  • Restaurant
Total Lot Size 5.66 AC
Zoning Lakeshore Development

1 LOT AVAILABLE

Lot

Price $765,000
Price Per AC $135,159.01
Lot Size 5.66 AC

Eastlake's Marina District! A combination of 11 parcels making up 5.66 acres directly on Lakeshore Blvd in Eastlake along with 4 single family homes that sit on the lot. Possible future uses include storage, marina sales, multifamily, residential.

DESCRIPTION

Eastlake's Marina District! A combination of 11 parcels making up 5.66 acres directly on Lakeshore Blvd in Eastlake along with 4 single family homes that sit on the lot. Possible future uses include mini storage, marina sales, multifamily, residential townhomes, mobile home park, retail strip center, medical, entertainment/restaurant, single family homes, etc. A copy of the Lakeshore Development District purpose and permitted uses is attached in the MLS listing supplements. This property is primed for development; the area is seeing massive growth with new construction of residential homes in the 700k range directly on the river (6 currently listed for sale, 2 already built). The new Chagrin Tavern on the riverfront is attracting many people to the area and there is a brand new riverfront TIKI BAR named Castaways! All of the (5) yacht clubs on the Chagrin River are at capacity with waiting lists for new members. This is the time to acquire this property that has a multitude of potential uses, splits, etc. This high traffic street serves as a corridor for Eastlake's marina, lakefront, and river attributes. A plat map is included in the photos showing the approximate boundary. The western boundary is the Don Tequila restaurant and the Eastern Boundary is Hartford St. See broker remarks section for a list of parcel numbers included. Although there are 4 single family homes on property, this listing is prime for new development. Please do not disturb the residents.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 34-A-018-E-00-012-0
  • 34-A-018-E-00-010-0
  • 34-A-018-0-00-021-0
  • 34-A-018-E-00-013-0
  • 34-A-018-0-00-020-0
  • 34-A-018-E-00-014-0
  • 34-A-018-E-00-009-0
  • 34-A-018-E-00-011-0
  • 34-A-018-0-00-019-0
Land Assessment
$78,290 (2025)
Improvements Assessment
$23,520 (2025)
Total Assessment
$101,810 (2025)
Annual Taxes
$12,000
Tax Year
2023
  • Listing ID: 33614099

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 35783 Lake Shore Blvd, Eastlake, OH 44095

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