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3400 Vega Ave, Cleveland, OH, 44113

$6,110,000

4.95 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeIndustrial
ParkingParking Lot
MLS #5085945
Lot Size4.95 Acres
StatusActive

About 3400 Vega Ave

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: $6,110,000

Tax Information:

  • Annual Amount: $20,921
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Cleveland, OH.

Med. Sold Price

$164.2K

Med. Price/SqFt

$99

Avg. Days On Market

36

# of Sold Homes

719

3400 Vega Ave vs Cleveland

1 DAY ON ROCKET

-35 Days

$6,110,000

+$5.9M More

KEY TAKEAWAY

This property is $5.9M 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

IDXCopyright 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: 11/21/2024, 3:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
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

$30.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$18.3K

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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.

Nearby Schools

school-card-donut-174810
4
/10
  • Constellation Schools: Stockyard Community Elementary School

  • 3200 W 65th St

  • 1.36 miles

  • Public Charter Grades KG-6

school-card-donut-174811
5
/10
  • Louisa May Alcott Elementary School

  • 10308 Baltic Rd

  • 2.67 miles

  • Public District Grades KG-5

school-card-donut-174812
2
/10
  • Stepstone Academy

  • 3328 Carnegie Ave

  • 2.79 miles

  • Public Charter Grades KG-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,143. The most common annual income of people living in Cleveland, OH is less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

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 $6,110,000.

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).

How much acreage is this property?

The property 3400 Vega Ave is 4.95 acres.
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Rocket HomesOhioCuyahoga CountyCleveland441133400 Vega Ave

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 $6,110,000.

In October 2024 more than 275 listings in Cleveland, OH were sold above the asking price. During the same period more than 110 listings were sold at asking price, while more than 333 were sold below. The inventory of homes for sale in Cleveland, OH between September 2024 and October 2024 increased by 4.7%. The median list price of listings available in October 2024 was $164,291, while the average time on the real estate market was 36 days.

From Rocket Homes Real Estate and based on county public records data.

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