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Investment Highlights

  • Nearby tenants include Cleveland Clinic Health Center, Chipotle, Five Guys, Giant Eagle, Marcs and many more!
  • Nearby access to I-71 with 102,803 VPD (Source: ODOT TIMS)
  • Zoned: Office Building
  • Strong average household incomes of $90,415 in a 3 mile radius

Executive Summary

Prime 11-Acre Development Opportunity — Middleburg Heights, OH Tremendous opportunity with over 200’ frontage on Engle Rd overlooking the Cleveland Metroparks conservation area. Two parcels totaling ˜11 acres, including one with a permanent conservation easement (˜7.16 acres protected). Existing home and two-story garage currently tenant-occupied. Zoned commercial. Over two acres of prime development area ideal for restaurant, multifamily, short- and mid-term rental, warehouse/light industrial, office/retail with parking, and other potential uses. Preliminary (not confirmed) estimates indicate that on a 3.81-acre (~165,964 sq ft) commercial site, a 3-story select-service hotel with surface parking could support a 35,000–45,000 sq ft footprint and roughly 140–180 rooms, with code-compliant parking on-site.

Property Facts

Price $970,079 CAD
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Multifamily
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Dorms
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Bank
  • Community Centre
  • Contractor Storage Yard
  • Daycare Centre
  • Funeral Home
  • Garden Centre
  • Healthcare
  • Health Club
  • Hold For Development
  • Hospital
  • Hotel
  • Motel
  • Neighbourhood Centre
  • Office Park
  • Parking Lot
  • Rehabilitation Centre
  • Religious Facility
  • Restaurant
  • Schools
  • Self Storage
  • Theater or Concert Hall
  • Single Family Residence
Total Lot Size 11.06 AC
Zoning OB - Zoned Office Building- Will Need Zoning Change for other uses. Restaurant is conditional use. City is open to many options and will work with buyer

1 Lot Available

Lot

Price $970,079 CAD
Price Per AC $87,710.60 CAD
Lot Size 11.06 AC

Prime 11-Acre Development Opportunity — Middleburg Heights, OH Tremendous opportunity with over 200’ frontage on Engle Rd overlooking the Cleveland Metroparks conservation area.

Description

11.06 Acres (4 AC Buildable) - Parcel 1: 373-04-007 - Parcel 2: 373-04-005

Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 373-04-007
  • 373-04-005
Land Assessment
$38,563 CAD
Improvements Assessment
$73,308 CAD
Total Assessment
$111,871 CAD
  • Listing ID: 30015678

  • Date on Market: 2023-11-09

  • Last Updated:

  • Address: 7400 Engle Rd, Cleveland, OH 44130

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