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Listed By
Agency Name: Howard Hanna
Agency Contact: niralidobaria@howardhanna.com, 330-888-2836
Shown By
Agent Name: The Worthington Team
Agent Phone: (330) 936-2202
Agency Title: Cutler Real Estate
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Property Description
Exceptional Development Opportunity with Panoramic Lake & City Views Currently an 8,311 sq ft warehouse, this property offers outstanding potential for visionary development. Enjoy access to Edgewater Park, where you can relax on sandy beaches, explore scenic trails, and take in breathtaking Lake Erie sunsets?all just minutes from your doorstep. A renowned architect has proposed an innovative concept: constructing twin towers, each with six spacious 2,000 sq ft units (totaling 12 luxury residences), all elevated above a first-floor garage. The design envisions a shared common area bridging the two buildings, fostering community and maximizing the spectacular vistas. From the second floor up, every unit would enjoy sweeping, unobstructed views of Lake Erie and the Cleveland skyline?an amenity that promises instant value and lasting appeal. At a projected value of $400 per sq ft, this development could realize nearly $9.6MM in finished value, making the $2MM land cost an attractive 20% of the total. Comparable to the acclaimed 'The Raye in Shaker Heights, this site is primed for an iconic project?or let your imagination shape the future here. Unlock the potential of this rare site and create a landmark development with unmatched views and value.
Property Features
Property Type: Commercial - Industrial
Basement: None
Days on Market: 1
Heating: Forced Air
Lot Size: 0.25 Acres
Taxes: $6,535 / year
Year Built: 1940
Feature Descriptions
Building Features: Storage
Parcel#: 002-10-002
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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1235 W 65th Street | MLS# 5187618
This commercial property located at 1235 W 65th Street, Cleveland, OH 44102 is currently listed for sale with an asking price of $1,920,000. W 65th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on theworthingtonteam.cutlerhomes.com today.