3400 Vega AvenueCleveland, OH 44113

3400 Vega AvenueCleveland, OH 44113

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$2,500,000 Active
Commercial - Business MLS 5132970
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Listed By

Agency Name: ERA Real Solutions Realty
Agency Contact: 440-832-1500, rainsnap1@gmail.com

Shown By

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

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Property Description

Located in Ohio City, this former Historic Leisy Brewing Company property spans 5 acres and is positioned for adaptive reuse projects including mixed-use, multi-family, or commercial development. Situated near downtown Cleveland, it offers prime access to the city's industrial and residential corridors. Located in an Opportunity zone and eligible for the Brownsfield Grant, the property comes with significant tax incentives to support redevelopment. Zoned currently for light-industrial use, plans are underway for commercial/multi-family rezoning, making this location a prime opportunity for developers.

3400 Vega Avenue | MLS# 5132970

This commercial property located at 3400 Vega Avenue, Cleveland, OH 44113 is currently listed for sale with an asking price of $2,500,000. Vega Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 762hunterstrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Days on Market: 249
Heating: None
Lot Size: 4.95 Acres
Taxes: $22,110 / year
Year Built: 1890

Feature Descriptions

Parcel#: 007-19-107
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3400 Vega Avenue, Cleveland, OH 44113
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

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