1906 E 40th St
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1906 E 40th St
41,239 SF Specialty Building Offered For Sale in Cleveland, OH 44103
Investment Highlights
- Rare owner/user opportunity located in the heart of Midtown Cleveland
- Convenient access to highway
- Ample time to plan conversion for next use
- Excellent signage and visibility on Chester Avenue
- Substantial investments into surrounding buildings and blocks
Executive Summary
Single-tenant, tech-heavy building on prominent/visible corner in Cleveland's MidTown neighborhood. Building in outstanding condition, with newer building systems. Opportunity Zone. Substantial investments into surrounding buildings and blocks along Chester & Perkins Ave. 24+ months of rent runway with Tenant allows owner/user, or developer/user ample time to plan conversion for next use. Traffic Count: 32,865 VPD on Chester Road.
Property Facts
Sale Type | Investment or Owner User | Building Size | 41,239 SF |
Property Type | Specialty | No. Stories | 1 |
Property Subtype | Schools | Year Built/Renovated | 1956/2005 |
Building Class | C | Parking Ratio | 0.51/1,000 SF |
Lot Size | 1.34 AC | Opportunity Zone |
Yes
|
Sale Type | Investment or Owner User |
Property Type | Specialty |
Property Subtype | Schools |
Building Class | C |
Lot Size | 1.34 AC |
Building Size | 41,239 SF |
No. Stories | 1 |
Year Built/Renovated | 1956/2005 |
Parking Ratio | 0.51/1,000 SF |
Opportunity Zone |
Yes |
Amenities
- Property Manager on Site
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PROPERTY TAXES
Parcel Number | 102-40-011 | Improvements Assessment | $924,320 |
Land Assessment | $102,450 | Total Assessment | $1,026,770 |
PROPERTY TAXES
Parcel Number
102-40-011
Land Assessment
$102,450
Improvements Assessment
$924,320
Total Assessment
$1,026,770
zoning
Zoning Code | GI, Cleveland |
GI, Cleveland |
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1906 E 40th St
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