3400 Vega Avenue
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8 photos

$2,400,000

3400 Vega Avenue
Cleveland, OH 44113
Listed by Jarrod M James · ERA Real Solutions Realty
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1890

About this home

RARE ~5-ACRE URBAN INDUSTRIAL REDEVELOPMENT OPPORTUNITY NEAR DOWNTOWN CLEVELAND. 3400 Vega Avenue, the historic former Leisy Brewing Co. property, offers approximately 5 acres with more than 100,000 SF of existing industrial improvements in Cleveland's near-west-side corridor. The property's General Industry zoning creates exceptional flexibility for industrial, manufacturing and commercial users and positions the site for advanced manufacturing, urban flex, technology, logistics/distribution, contractor operations, innovation campus or other permitted nonresidential uses. Located minutes from Downtown Cleveland with convenient access to I-90, I-490, I-71 and I-77, the property offers a rare combination of urban scale, highway connectivity and redevelopment potential. Existing historic industrial character provides an adaptive-reuse opportunity, while ownership has also explored demolition and site preparation strategies that could allow a buyer to approach the property as a larger redevelopment or land-control opportunity. Significant environmental due diligence has already been completed, including an NFA Letter and updated Phase I, available to qualified purchasers for review. Professional redevelopment concepts and additional property materials are also available. Ideal for an advanced manufacturer, industrial owner-user, developer, value-add investor, contractor, regional operator or strategic buyer seeking control of a substantial Cleveland infill site. Longer-term redevelopment concepts may also include mixed-use or residential components subject to rezoning and governmental approvals. Buyer to independently verify zoning, intended use, building condition, environmental matters, redevelopment feasibility and all governmental requirements.

Property details

MLS #
5234386
Property type
Industrial
Subdivision
Hiram Stones Add
Status
Active
Days on market
1
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
4.946 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Walton School
0.29 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
207
Student:teacher ratio
12.9:1
District
Cleveland Municipal
MiddleCharter
Constellation Schools: Stockyard Community Middle
1.37 mi away · Grades 7-8
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
74
Student:teacher ratio
37.0:1
District
Constellation Schools: Stockyard Community Middle
HighCharter
Frederick Douglass High School
0.47 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
162
Student:teacher ratio
32.4:1
District
Frederick Douglass High School

Mortgage calculator

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Est. monthly payment
$14,603/mo
$480,000 down
$1,920,000 loan
Principal & interest$12,453
Property tax (est.)$2,000
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 13 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.