Cedar E 55th Development site | 5604 Cedar Rd
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Cedar E 55th Development site 5604 Cedar Rd
50,000 SF Industrial Building Cleveland, OH 44103 $550,000 ($11/SF)
Executive Summary
Development opportunity on Cedar and E55th. 24,000 sqft, 3-story brick building attached to a 9,000 sqft 1-story warehouse. 12x14 drive-in doors, 14 ft. clear in the first-floor area. Each floor is approx. 8,000 sqft in the 3 story bldg. Freight elevator can accessed from inside and off the alley from the outside.
Additionally, the neighboring parcels at 2181 E55th can also be purchased for $650,000.
Additionally, the neighboring parcels at 2181 E55th can also be purchased for $650,000.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $550,000 | Rentable Building Area | 50,000 SF |
| Price Per SF | $11 | No. Stories | 1 |
| Sale Type | Owner User | Year Built | 1931 |
| Sale Conditions | Building in Shell Condition | Parking Ratio | 0.4/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 14 FT |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.90 AC |
| Price | $550,000 |
| Price Per SF | $11 |
| Sale Type | Owner User |
| Sale Conditions | Building in Shell Condition |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.90 AC |
| Rentable Building Area | 50,000 SF |
| No. Stories | 1 |
| Year Built | 1931 |
| Parking Ratio | 0.4/1,000 SF |
| Clear Ceiling Height | 14 FT |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
Amenities
- 24 Hour Access
- Bus Line
- Courtyard
- Fenced Lot
- Storage Space
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - County
- Heating - Gas
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $10,890 (2023) | |
| Land Assessment | $21,150 (2023) | Total Assessment | $32,040 (2023) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$21,150 (2023)
Improvements Assessment
$10,890 (2023)
Total Assessment
$32,040 (2023)
zoning
| Zoning Code | SI |
| SI |
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Cedar E 55th Development site | 5604 Cedar Rd
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