1530 19Th StCleveland, OH 44114

Property Details for 1530 19Th St

Year built

1928

Construction

TYPE NOT SPECIFIED

Lot size

0.23 AC

Property size (Sq ft)

5,200 SF

Zone code

SI

Property type

Office properties

Property subtype

Office buildings

APN

102-24-027

APU

10224027

Description

This 5,200 square foot mixed-use building at 1530 E 19th St, Cleveland, OH 44114, is offered at $899,000. Built in 1928, the single building sits on a 0.23-acre lot and presents a unique investment opportunity. Previously configured as student housing, the property offers adaptable space suitable for a variety of commercial applications, including apartments, dormitories, or office space. The layout includes private suites, a shared kitchen and lounge area, catering to diverse needs. Security features include cameras and key fob access, enhancing safety and peace of mind. The property also boasts 16 private parking spaces within a fenced lot, a significant advantage in a bustling urban setting. Its prime downtown location near the Cleveland State University campus ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a thriving environment. The flexibility of the space allows for customization to suit various commercial ventures, presenting a compelling opportunity for entrepreneurs and investors alike. This property offers a blend of historical charm and modern functionality, making it a truly unique investment opportunity in the heart of Cleveland.

• CAP approach

  CAP return

  Valuation

  6%

  $935,480

  6.5%

  $863,520

  7%

  $801,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $486,408

  Geo Method

  $486,408

• Alternative Use

  Use

  Valuation

  Residential

  $1,070,764

  Hospitality

  $980,814

  Educational

  $816,026

  Medical

  $844,090

  Retail

  $1,269,374

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.5061

Longitude

-81.6795

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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