2980 E 81st Street, Cleveland, OH 44104

Property Description

The property at 2980 E 81st Street in Cleveland, OH 44104 is a vacant industrial lot located in the Kinsman neighborhood, within the Thomas Beckwiths Subdivision. It encompasses 0.36 acres, with dimensions of approximately 120 feet by 133 feet (corner lot). The lot has access to public water and sewer services, and on-street parking is available. The property is zoned for industrial use. This property is also located within a federally designated Opportunity Zone. This area is part of one of the 64 Opportunity Zones identified in Cuyahoga County, with 48 of these zones situated within the city of Cleveland. Opportunity Zones are economically distressed communities were new investments, under certain conditions, may be eligible for preferential tax treatment. These zones are designed to spur economic development by providing tax benefits to investors. Investments made in these zones can qualify for capital gains tax incentives, which can be advantageous for developers and investors looking to support revitalization efforts in underserved areas. Located approximately 3.5 miles southeast of downtown Cleveland!