For Auction
$1 Auction – Former Hough Bakery | 3.14 Acres | Cleveland OH
Cleveland, OH 44112Represented by
Cushman & Wakefield | CRESCO Real Estate
Asset Snapshot
Offering Summary
Investment Highlights
- ±3.14-Acre University Circle Opportunity: Large infill parcel offers redevelopment potential near Cleveland’s premier institutional district.
- Steps from Major Medical & Academic Anchors: Case Western Reserve, Cleveland Clinic, and University Hospitals support year-round demand nearby.
- Strong Fit for Student Housing Development: Ideal site for residences serving nearby universities and medical users.
- Multiple Tax Credit Programs Available: Potential incentives may enhance project economics, subject to eligibility and buyer due diligence.
- Dense Five-Mile Population and Workforce: Trade area includes 293,191 residents, 154,856 employees, and 13,281 businesses nearby.
- Absolute $1 Auction – NO RESERVE!
Offering Summary
Brokered by Cushman & Wakefield | CRESCO Real Estate, Marcus & Millichap and powered by RealINSIGHT Marketplace, 1519 Lakeview Road in Cleveland, Ohio is a ±3.14-acre redevelopment opportunity positioned near University Circle. The Property offers access to major institutional and employment anchors including Case Western Reserve University, Cleveland Clinic Main Campus, University Hospitals, and Wade Oval’s cultural institutions. The site is well suited for student housing and could benefit from multiple available tax credit programs, subject to eligibility. The surrounding five-mile area includes approximately 293,191 residents, 154,856 employees, and 13,281 businesses, supporting strong housing and commercial demand. Due Diligence
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
