Skip to content
McCormick Legacy Estates Logo McCormick Legacy Estates Logo
  • Home
  • About Us
    • Our Agents
    • Latest Articles
  • Listings
    • Single Family Residential
    • Multifamily Residential
    • Commercial
    • Rentals
    • Lots & Land
  • Contact Us
CommercialMLE2019-02-24T19:41:51-05:00
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. $8,500,000 Active

4010 E 116th Street Cleveland, Ohio

13.232 Acres

Incredible opportunity to further develop this well-established Berea sandstone quarry.  Projection documentation and appraisals are available to view.  Water and mineral rights are included in this sale.  Continue the quarry business currently supplying the building, landscaping and oil industries to name a few, and consider the possibilities for the remaining 40 plus acres near Oberlin College and available natural spring water resources. $7,500,000 Active

14647 State Route 511 Oberlin, Ohio

56 Acres

165 UNIT STORAGE UNIT COMPLEX includes 30 outdoor parking spaces, brick ranch home, and duplex/office on 9.25 acres zoned B3 in Jackson Township.  This fully rented complex is conveniently located to highway, major roadways, residential, retail, and commercial areas & airport.   There's plenty of additional land for storage/business expansion.  Most units built 2014 or after.  Ideally located in prime location of Stark County.  Manager/Owner willing to stay on site for agreed upon time.  The storage industry is an excellent, growing investment!!! $6,500,000 Active

7421 Wales Avenue NW North Canton, Ohio

9.260 Acres

Incredible opportunity to acquire a large, cash flowing portfolio in the west Cleveland submarket of Lorain! This portfolio consists of (92) livable units, (57) of which are single family rentals and (14) which are multifamily or multi-unit properties. At the ask price of $6,200,000, a buyer will acquire a stabilized portfolio at an 8.25% cap rate with TONS of room of value-add upside. The portfolio is nearly 100% occupied currently, with a rent roll bringing in over $70,000 per month. A savvy owner will take advantage of LMHA (Lorain County Metropolitan Housing Authority) rising rents and over time, significantly increase the gross rent roll upon lease trade outs and re-leasing to voucher holding tenants. In addition, there is significant opportunity to reduce owner paid utility expenses (with a focus on water/sewer) through installation of efficient fixtures, typically reducing annual water/sewer expense by 20%+. In doing so, an investor will achieve a scheduled rent roll of over $100,000 per month in income and reduction of expenses, significantly increasing the portfolio's value. The current owner has an office staff that does their property management and they would be willing to stay on if desired. Please reach out or see supplements for full Offering Memorandum. $6,200,000 Active

2914 Seneca Avenue Lorain, Ohio

Address

6980 Spinach Drive
Mentor, Ohio 44060

Phone

440-313-4667 Mobile
440-313-4667 Text Us
440-856-3251 Office

Social


Email

Click Here

Instagram Feed

Instagram has returned empty data. Please authorize your Instagram account in the plugin settings .

Sold/Pending

Equal Housing Opportunity.
© McCormick Legacy Estates Professional Realty Breanna McCormick Signature Group LLC | Website Designed by My Cool Design.
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
Go to Top