5455 Marginal RdCleveland, OH 44114

This exceptional 4.288-acre commercial land parcel presents a unique investment opportunity on Cleveland's Lake Erie shoreline. Located at 5455 N Marginal Rd, Cleveland, OH 44114 (APN 105-10-001), this privately owned property is zoned for commercial use and offers significant development potential. The asking price is $5,990,000. The city of Cleveland has granted a 15-year residential tax abatement, providing 100% abatement for all improvements exceeding the property's current tax value upon project completion. Further incentivizing development, a 30-year tax increment financing (TIF) agreement is in place. This TIF abates the increase in value over the current tax value, excluding payments to the Cleveland Municipal School District, for an additional 30 years post-construction. Complementing this opportunity, a 13-million-dollar passive park project by Cleveland Metro Parks is underway. This park will feature walkways, picnic areas, grilling stations, benches, and prime lakeside viewing areas. Detailed site maps and further information are available upon request. This offering is for the land only.