Sprague Road

Berea OH 44017

0.49 ac.

Land

Currently for sale - view listing

Overview

Prime Multifamily Development Opportunity in Berea! This cleared and build-ready vacant lot is newly zoned for multifamily use and offers an exceptional opportunity for investors or developers. The City has already approved plans for a 6-unit apartment building, with parking, landscaping, and all required variances completed, saving you valuable time, expense, and uncertainty in the development process. Located in the City of Berea, this property qualifies for a valuable 15-year tax abatement, providing significant long-term savings and enhancing your investment returns. The lot is shovel-ready, allowing you to move directly into construction. Positioned just minutes from the exciting new Cleveland Browns development planned nearby, this location offers strong future growth potential and increased demand for quality housing in the area. Whether you're expanding your rental portfolio or launching your next development project, this fully approved multifamily lot is a rare opportunity in a desirable Berea location. Bring your builder and start building today!

Features

0.49 ac. lot size

Land

Property history for Sprague Road

2019

Sold

$76,500

15 Nov 2019 by Sherry J Rosbough, of The Russell Realty Company

Happy sellers in Berea

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