0.50 AC OF LAND ZONED FOR MULTI-FAMILY
Sprague Road
Berea, OH 44017
Highlights
- Available: Two Parcels, consisting of 0.50 acres
- Frontage: ± 136'
- Depth: ± 158' and ± 196'
- Zoning: Multifamily District
- Current site plan allows for 6 units
- Utilities available at the street
- Entitlements included (value of $28,000) - Architect work - Rezoning - Engineered Drawing
- 15-year, 100% tax abatement offered
- Daily Traffic Counts: ±7,800
- Highway access: ±3 miles
Description
This 2-parcel lot of approximately 0.50 acres of flat land was rezoned to the Multifamily District. This property comes with an entitlement with a $28,000 value of architect work, rezoning the property and engineered drawings. These drawings have maximized the property with a dwelling of 6 units. The frontage of the property is 136' and the depth is 158' and 196'.
Additionally, the City of Berea offers a 15-year, 100% tax abatement on the value of the residential in-fill construction. This project qualifies as such and could be applied for post-construction.
On December 1, 2022 the Berea Planning Commission granted variances, site plan approval and landscaping modifications to build an apartment building at this site. These expired one year after being issued. Buyer would need to go back to the Planning Commission and seek approval for these variances.
This property is conveniently located in Berea, just on the border of Strongsville on Sprague Road. It is 2 miles from Baldwin Wallace University, 3 miles to Southwest General Hospital, 3.5 miles to I-71/Ohio Turnpike (I-80) and 5 miles from Cleveland Hopkins International Airport.
