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917 E 123rd St 17,112 SF 100% Leased Retail Building Cleveland, OH 44108 $250,000 ($14.61/SF)
Investment Highlights
- Finance credits available
- Full open basement that stretches across the entire bldg.
- Near University Circle featuring Cleveland Museum of Art, Botanical Garden, and Cleveland History Center, restaurants and shops.
Executive Summary
The subject property is a Mixed-use Development project located in an up-and-coming community that is being developed, just minutes from the VA hospital.
Developers are in the area developing on the same block and within the community. Great opportunity to use Opportunity Zone, New Market Tax Credits, Historical credits, Low-income Housing Credits, and other Grants via Cleveland Ohio, OHFA, and Ohio Department of Development.
The property has a full basement of 4278 sq ft. The foundation is solid with a dry basement.
Developers are in the area developing on the same block and within the community. Great opportunity to use Opportunity Zone, New Market Tax Credits, Historical credits, Low-income Housing Credits, and other Grants via Cleveland Ohio, OHFA, and Ohio Department of Development.
The property has a full basement of 4278 sq ft. The foundation is solid with a dry basement.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
17,112 SF
Building Class
C
Year Built
1924
Price
$250,000
Price Per SF
$14.61
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Opportunity Zone
Yes
Zoning
LR - General Retail/Apt
Frontage
50’ on East 123rd Street
Amenities
- Balcony
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 110-22-034 | Improvements Assessment | $3,500 |
| Land Assessment | $1,925 | Total Assessment | $5,425 |
Property Taxes
Parcel Number
110-22-034
Land Assessment
$1,925
Improvements Assessment
$3,500
Total Assessment
$5,425
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917 E 123rd St