Rev. Richard E. Sering Center | 1468 W 25th St
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Rev. Richard E. Sering Center 1468 W 25th St
12,560 SF Vacant Office Building Cleveland, OH 44113 $1,400,000 ($111/SF)
Investment Highlights
- Prime location with views of the Cuyahoga River.
- Situated within a Qualified Opportunity Zone and is eligible for historic tax credits.
- 77 feet of frontage to building.
- Ideal opportunity for conversion into hospitality, office, or residential spaces.
Executive Summary
The Historic S.N. Nelson Block building, located at 1468 W. 25th Street in the heart of Ohio City, offers a prime location with views of the under-construction Irish Town Bend park and the Cuyahoga River. This 3-story building features 77 feet of frontage on W. 25th Street and extends 174 feet deep. Additionally, the property includes an 20-car surface lot on its north side. Notably, the building is situated within a Qualified Opportunity Zone and is eligible for Historic Tax Credits, enhancing its appeal for investment. The building presents an excellent opportunity for conversion into hospitality, office, or residential spaces.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Building Size
12,560 SF
Building Class
C
Year Built/Renovated
1900/1996
Price
$1,400,000
Price Per SF
$111
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,187 SF
Slab To Slab
12’
Building FAR
0.93
Lot Size
0.31 AC
Opportunity Zone
Yes
Parking
20 Spaces (1.59 Spaces per 1,000 SF Leased)
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 003-28-085 | Improvements Assessment | $149,490 |
| Land Assessment | $37,170 | Total Assessment | $186,660 |
PROPERTY TAXES
Parcel Number
003-28-085
Land Assessment
$37,170
Improvements Assessment
$149,490
Total Assessment
$186,660
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Rev. Richard E. Sering Center | 1468 W 25th St
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