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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



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
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 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 5.66 AC |
| Property Type | Land | ||
| Zoning | Lakeshore Development | ||
| Price | $765,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 5.66 AC |
| Zoning | Lakeshore Development |
1 LOT AVAILABLE
Lot
| Price | $765,000 | Lot Size | 5.66 AC |
| Price Per AC | $135,159.01 |
| 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
| Parcel Numbers | Total Assessment | $101,810 (2025) | |
| Land Assessment | $78,290 (2025) | Annual Taxes | $12,000 |
| Improvements Assessment | $23,520 (2025) | Tax Year | 2023 |
PROPERTY TAXES
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35783 Lake Shore Blvd - 5.66 Acres w/ 4 homes in Eastlake, OH
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