Located in Ohio City, the former Historic Leisy Brewing Co. property is a unique opportunity in a city on the rise. Spanning 5 acres, this site is positioned for adaptive reuse projects including mixed-use, multifamily, or commercial development. Situated near Downtown Cleveland, it offers prime access to the city’s thriving industrial and residential growth corridors. Located in an Opportunity Zone and eligible for the Brownfield Grant, the property comes with significant tax incentives to support redevelopment. Currently zoned for industrial use, plans are underway for commercial/multi-family rezoning, making this a prime choice for forward-thinking developers.
Property Details
Property Features
Listing Office:
Office Name: The Sweda Group, LLC.
Office Phone: (440) 503-1775
Listing Agent: Kevin Kelly
Exterior Features
Parking Information:
Attached Garage: No
Parking: Parking Lot
Lot Features
Lot Information:
Lot Size: 4.95 Acres
Other
Directions Information:
Directions: going north on W 25th take a left on Vega Avenue. On the corner of Vega & Fulton.
Price Information
Listing Price Info
Price Summary:
List Price: $7,100,000
Tax Information:
Annual Amount: $20,921
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Cleveland, OH.
This property is $6.9M more than the Median Sold Price in Cleveland, OH.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: NOWDD
MLS Number: #5085945
Listing Office:
Office Name: The Sweda Group, LLC.
Office Phone: (440) 503-1775
Listing Agent: Kevin Kelly
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/24/2024, 1:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$20,921
$201,250
2019
$19,696
$201,250
2018
$19,206
$201,250
2017
$19,535
$192,330
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$35.5K
Per Month
Principal & Interest
$35.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$21.3K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Constellation Schools: Stockyard Community Elementary School
3200 W 65th St
Distance between this listing and this school1.36 miles
Public Charter Grades KG-6
5
/10
Louisa May Alcott Elementary School
10308 Baltic Rd
Distance between this listing and this school2.67 miles
Public District Grades KG-5
2
/10
Stepstone Academy
3328 Carnegie Ave
Distance between this listing and this school2.79 miles
Public Charter Grades KG-4
Nearby Schools
4
/10
Walton PreK-8 School
3409 Walton Ave
Distance between this listing and this school0.29 miles
Public District Grades PK-8
5
/10
Paul L. Dunbar School
2159 W 29th St
Distance between this listing and this school0.44 miles
Public District Grades PK-8
4
/10
Orchard STEM School
4200 Bailey Ave
Distance between this listing and this school0.45 miles
Public District Grades PK-8
Nearby Schools
2
/10
Frederick Douglass High School
3167 Fulton Rd
Distance between this listing and this school0.47 miles
Public Charter Grades 9-11
2
/10
Lincoln West School of Science and Health
3202 W 30th St
Distance between this listing and this school0.60 miles
Public District Grades 9-12
3
/10
Lincoln West School of Global Studies
3202 W 30th St
Distance between this listing and this school0.60 miles
The neighbors living near this home have an average income of $20,143. Residents of Cleveland, OH typically earn less than $35k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3400 Vega Ave
What is the listing price of this property?
The listing price of 3400 Vega Ave property is $7,100,000.
What type of property is this?
The property 3400 Vega Ave is land located in Cleveland, Ohio, 44113.
Is this property for sale now?
Active Listing: 3400 Vega Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $20,921 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 3400 Vega Ave in Cleveland, OH and zip code 44113 in the Clark-fulton neighborhood. This home sits on a 4.95 acre lot. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $7,100,000.
While more than 223 listings in Cleveland, OH in November 2024 were sold above asking price, there were more than 96 listings sold at asking price, and more than 310 were sold below. The number of homes for sale in Cleveland, OH decreased by 4.7% between October 2024 and November 2024. In November 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $165,015.
From Rocket Homes Real Estate and based on county public records data.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Pro Boxing
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Burlington
H&M
Foot Locker
White Castle
Boston Market
Little Caesars
Kia
Honda
Dodge
Urban Adult Contemporary
Rhythmic Contemporary Hits
News