3775 33Rd StCleveland, OH 44109

This unique Cleveland, Ohio mixed-use property, located at 3775 W 33rd St, offers a compelling redevelopment opportunity. The 5,900 square foot building, situated on a 3,659 square foot lot (APN 015-24-120), boasts a two-story design constructed in 1929 and renovated in 2023. Currently vacant, this Class B building presents a blank canvas for creative vision. The property features two units and one pad, with permitted mixed-use zoning. The interior showcases a voluminous open-concept layout, ideal for a variety of uses. The unique drive-in basement offers concrete floors and ceilings with steel I-beams and joists, full-height ceilings, conditioned space, plumbing, electrical drops, and a 200-amp service. The asking price is $369,000, translating to $62.54 per square foot. The pro-forma NOI is $43,200, resulting in an attractive pro-forma cap rate of 11.71%. This property presents a rare chance to acquire a versatile space in a desirable Cleveland location, perfect for residential, office, warehouse, or a combination thereof. The building's history and unique features combine to create a truly exceptional investment opportunity. The property is currently vacant, allowing for immediate customization to suit the buyer's specific needs and vision. The substantial square footage and flexible zoning provide ample room for creativity and innovation. This is a chance to own a piece of Cleveland's history and shape its future.