www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31785564
31785563

East 90th & 93rd Street, Cleveland, OH 44106

MF
OH SAL.2024001884, OH OH2024001884
Cushman & Wakefield CRESCO Real Estate
RP
OH BRK.2016000871
Cushman & Wakefield CRESCO Real Estate
DL
OH SAL.2015004836
Cushman & Wakefield CRESCO Real Estate
Listed by Cushman & Wakefield CRESCO Real Estate
$1,000,000
45 days on market
Updated 45 days ago

Cleveland Clinic Apartment Development Site

Details
APN 119-33-047,119-33-046,119-33-045,119-33-105,119-33-024,119-33-023,119-33-022
Property Type Land
Sub Type Commercial
Acreage 1.020
Zoning Multifamily

Land | 1.02 acres

Marketing description

1.02 acre development site adjacent to Cleveland Clinic - Rare land assemblage immediately next to the Cleveland Clinic main campus in one of the strongest employment hubs in Northeast Ohio. Vertical Development Opportunity – Site is currently approved for a 36-unit multifamily project (with potential to add more density). Plans Included with Sale – Transaction includes a complete set of approved architectural plans, allowing a developer to accelerate timeline and reduce entitlement risk. Exceptional Rental Fundamentals – University Circle/Clinic submarket features some of the highest rents in Cleveland with vacancy below 5%, driven by demand from Cleveland Clinic, University Hospitals and Case Western Reserve University. Attractive Basis – $1,000,000 Asking Price – Assemblage includes parcels acquired through the Cleveland Land Bank, creating a compelling entry price for a high-density urban development opportunity. Site is located within an opportunity zone. 15-year 100% tax abatement in place. Full underwriting model with construction costs available upon request.


Investment highlights

  • 1.02 acre development site adjacent to Cleveland Clinic - Rare land assemblage immediately next to the Cleveland Clinic main campus in one of the strongest employment hubs in Northeast Ohio.
  • Vertical Development Opportunity – Site is currently approved for a 36-unit multifamily project (with potential to add more density).
  • Plans Included with Sale – Transaction includes a complete set of approved architectural plans, allowing a developer to accelerate timeline and reduce entitlement risk.
  • Exceptional Rental Fundamentals – University Circle/ Clinic submarket features some of the highest rents in Cleveland with vacancy below 5%, driven by demand from Cleveland Clinic, University Hospitals and Case Western Reserve University.
  • Attractive Basis – $1,000,000 Asking Price – Assemblage includes parcels acquired through the Cleveland Land Bank, creating a compelling entry price for a high-density urban development opportunity.
  • Site is located within an opportunity zone
  • 15-year 100% tax abatement in place
  • Full underwriting model with construction costs available upon request

Listing Contacts

MF
OH SAL.2024001884, OH OH2024001884
Cushman & Wakefield CRESCO Real Estate
RP
OH BRK.2016000871
Cushman & Wakefield CRESCO Real Estate
DL
OH SAL.2015004836
Cushman & Wakefield CRESCO Real Estate
Listed by Cushman & Wakefield CRESCO Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Max Ferguson
License
SAL.2024001884
Brokerage
Cushman & Wakefield | Cresco Real Estate
Brokerage Phone
4402259380
Title
OH
Brokerage Address
6100 Rockside Woods Boulevard North
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591