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- LoopNet Team
1635 Merwin Ave
Cleveland, OH 44113
Former Grain Craft · Land For Sale
·
3.01 AC
INVESTMENT HIGHLIGHTS
- 3.01 acres with potential 1.2-acre expansion of city-owned land.
- Historic renovation opportunity.
- Located in an Opportunity Zone.
- Amazing location, with 360-foot Cuyahoga River frontage.
- Great availability to transportation and entertainment.
- Multiple tax credits, abatements, and easements available.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 3.01 AC |
| Property Subtype | Industrial | ||
| Zoning | GI | ||
| Property Type | Land |
| Property Subtype | Industrial |
| Total Lot Size | 3.01 AC |
| Zoning | GI |
DESCRIPTION
Amazing 3-acre riverfront location with 360-foot Cuyahoga River frontage in the heart of Cleveland’s Flats, with potential 1.2-acre expansion of city-owned adjacent riverfront land. Outstanding views of Cleveland’s skyline, Flats and Cuyahoga River, while within easy walking distance to the 101-mile Towpath Trail, Canal Basin Park, Rivergate Park, and the future Irishtown Bend Park. Other nearby atrractions include Flats West Bank,Flats East Bank, Ohio City, Warehouse District and Tower City. Ideal for residential and/or hotel conversion with historic adaptive reuse and new development. Located in an Opportunity Zone, with Federal and State Historic Tax Credits available. Other available benefits include Historic Conservation Easements, residential tax abatement, and New Market Tax Credits.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $267,750 | |
| Land Assessment | $747,250 | Total Assessment | $1,015,000 |
PROPERTY TAXES
