2322 Scranton RD Cleveland, OH 44113

Tremont rehab opportunity in the heart of new development. Amazing location near all of the nightlife that Cleveland has to offer. Large scale developments all around this property. Property is zoned 4-6 units. Currently configured as a four suiter. Large walk up attic can possibly be converted into 5th unit. May also be a possibility for 6th unit in the basement. Listed square footage excludes the large walk up third floor. Upper units have downtown skyline views. Enormous potential to complete a large scale luxury rehab with the existing structure or possibly build six condominiums. Yard and driveway are accessible through a rear alley. Potential to get a 15 year tax abatement on the value of the rehab. Property is in poor condition and currently condemned by the City of Cleveland. All necessary permits will be required as part of the construction. Brand new roof in 2022 including extensive wood replacement. Great development opportunity.