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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
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

PROPERTY TAXES

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
  • Listing ID: 33013495

  • Date on Market: 8/30/2024

  • Last Updated:

  • Address: 1906 E 40th St, Cleveland, OH 44103

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