1780 E 89th Street, Cleveland, OH 44106

Property Description

Introducing an exceptional value-add opportunity in Cleveland’s emerging E. 89th Street corridor. Walking distance to 2 of Cleveland's Premier Hospitals and University Circle Area. Solid brick, eight-unit building (14,540 sq ft) sits on a double lot and comes fully permit-ready for an approved 16-unit expansion—plans crafted by LDA Architects and variances already in hand. Why Investors Are Taking Notice: Shovel-Ready Upside: City-approved architectural drawings and zoning variances mean you can break ground almost immediately. Strong Cash-Flow Potential: The stabilized 16-unit project carries a recent appraisal near $3.6 million. Attractive Incentives: Low-interest city loans, extended state historic credits and anticipated federal credits, plus a 15-year tax abatement, all bolster your return. Land Assembly: Includes the neighboring parcel, with the option to secure a third lot for additional parking. Prime Location: Convenient to downtown Cleveland, major highways, and growing retail corridors—ideal for attracting long-term tenants. Don’t miss this rare turnkey development play. Detailed financials, full plans, and incentive summaries available upon request. Serious inquiries only—schedule your site tour today.

Listing Status:

Active

Listing Office:

Keller Williams Citywide : 440-892-2211

Listing Agent:

Cielo McClain : 440-662-3704

MLS ID:

5156748

Interior

• Basement: Full
• Heating: Hot WaterSteam

Exterior

• Parking: DrivewayPaved

Construction

• General: 3

Location

• Originating MLS: NOWDD_NORM
• School District: Cleveland Municipal - 1809
• County: Cuyahoga

Lot

• Zoning: 392 STEWART SP 374FT S OF CL OF HOUGH119-05-029
• Fencing: MasonryPartial
• Current Use: Vacant

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM

This listing courtesy of Cielo McClain, Keller Williams Citywide