Rare opportunity in the Detroit Shoreway / Gordon Square area with significant redevelopment potential. The property is currently configured as a 2-unit multifamily property on a large lot and offers an opportunity for an investor or developer to explore expanding the site to 4–6 units, subject to zoning and city approvals.
Located near Detroit Avenue, Gordon Square, restaurants, theaters, shopping, and Edgewater Park, this is a strong location for investors looking to capitalize on continued redevelopment in Cleveland's near-west side. Public property records also confirm the existing property as a 2-unit multifamily with public water and sewer.
Property Highlights:
2-Unit Multifamily Property
Detroit Shoreway / Gordon Square Area
Large Lot
Vacant
Strong Land Value
Potential for 4–6 Units, subject to zoning and approvals
Excellent redevelopment opportunity
Close to Detroit Avenue and Gordon Square
Near Restaurants, Shopping, Theaters & Edgewater Park
Ideal for Developer, Investor, or Multifamily Buyer
Financials:
Asking Price: $250,000
Estimated ARV: $500,000–$600,000
The property offers multiple potential exit strategies, including renovating the existing 2-unit structure, redeveloping the site, or exploring a higher-density multifamily project. The projected $500K–$600K ARV should be independently verified, particularly if it depends on adding 4–6 units and obtaining the necessary zoning and development approvals. Current online estimates for the existing property vary significantly, reinforcing the need for a property-specific feasibility and comp analysis.
For fastest response: Cherrie – Dispo Manager Call/Text: (404) 620-2544
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