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2630 Payne Avenue

$1,900,000 (Sale)
2630 Payne Avenue, Cleveland, OH 44114
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Property Details

  • Property Type: Redevelopment, Warehouse
  • Building Size: 65,188 SF
  • Lot Size: 0.54 Acres
  • Zoning: Light Manufacturing/Assembly
  • Includes: 1764 E 27th Street Lot

Overview

Student Housing Conversion: This 65,000 SF building, is located in a high growth area surrounding CSU Campus District, this redevelopment opportunity is within Cleveland State University’s Master Plan to capture student growth, with expected enrollment of 20,000 students in 2024.

https://www.csuohio.edu/architect/csu-master-plan

High visibility location, with immediate access to I-90.

Located within the Opportunity Zone, built in 1921, this historic brick warehouse building has potential eligibility for Historic Preservation and/or New Market Tax Credits.

Ideal for residential or mixed-use conversion.

Includes property at 1764 E 27th Street, Cleveland.

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Highlights

  • Campus District
  • I-90 Visibility
  • Growth Location: CSU Master Plan Area
  • 4 Floors, 16’ Ceiling Height
  • Passenger & Freight Elevator
  • On-Site Parking With Additional Land/Lot Included

Location Map

Listing Broker

Joe Zumpano, Managing Director, Hoff & Leigh Commercial Real Estate
Managing Director - Cleveland Office

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