4010 E 116th StreetCleveland, OH 44105

4010 E 116th StreetCleveland, OH 44105

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$5,500,000.00 / Monthly Active
Lease - Commercial MLS 4390637

Listed By

Agency Name: Keller Williams Greater Metropolitan
Agency Contact: CliffLouis@kw.com 203-554-9020

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Unbelievable opportunity for highly sought after *14.01 acres* of commercial land that has not become available until now. This gem is hidden in the middle of developing area of Lee and Harvard community. Minutes away from interstate 71 and interstate 90, several Amazon, FedEx and UPS distribution centers. The property is nestled in the mists of residential homes and commercial businesses concealed with its own private driveway off the main thoroughfare of East 116th Street. Part of the property is has immediate access to an adjacent railroad. The property holds a perfect opportunity to install a railroad spur to privately import good right into a distribution hub on the same property. The possibilities are endless. This property was not used to house, store or manufacture any hazardous materials, so there are no known concerns with the EPA. Seller will order a land survey after completion of a letter of intent with proof of funds or contingency plan to obtain funds. Sellers are diligent, eager to sell, but understand the value of the property, serious buyers only need to inquire. This property will NOT be sold by acre, parcel or sectioned for sell. It's a one parcel purchase only! Assembly value is 30.03 acres, tons of upstate. Sellers will evaluate any and all offers

4010 E 116th Street | MLS# 4390637

This business located at 4010 E 116th Street, Cleveland, OH 44105 is currently listed for rent with an asking price of $5,500,000 / Monthly. E 116th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Lease - Commercial
Days on Market: 1272
Lot Size: 13.23 Acres
Taxes: $17,301 / year

Feature Descriptions

Parcel#: 136-12-019

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 4010 E 116th Street, Cleveland, OH 44105
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau