E71st Street Retail/Multi-Family

3996 E71st Street ClevelandCleveland, OH 44105

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FOR SALE Incentives
Property Type:
Street Retail
Amount:
$55,000
Last Verified:
Apr 12, 2016


Storefront retail at street level with two apartments on second floor and efficiency apartment on first floor. Ideal location with convenient access to public transportation, and highway routes to downtown Cleveland.
Year Built: 1920
Building Size: 5200.0sq ft
Lot Size: 0.12 acres

Map of 3996 E71st Street, ClevelandCleveland, OH, 44105

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.