Property Description

Located in Ohio City, this former Historic Leisy Brewing Company property spans 5 acres and is positioned for adaptive reuse projects including mixed-use, multi-family, or commercial development. Situated near downtown Cleveland, it offers prime access to the city's industrial and residential corridors. Located in an Opportunity zone and eligible for the Brownsfield Grant, the property comes with significant tax incentives to support redevelopment. Zoned currently for light-industrial use, plans are underway for commercial/multi-family rezoning, making this location a prime opportunity for developers.

3400 Vega Avenue | MLS# 5132970

This commercial property located at 3400 Vega Avenue, Cleveland, OH 44113 is currently listed for sale with an asking price of $2,390,000. Vega Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 7030hanbysloop.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business

Days on Market: 300

Heating: None

Lot Size: 4.95 Acres

Taxes: $22,110 / year

Year Built: 1890

Feature Descriptions

Parcel#: 007-19-107

Sewer: Public Sewer

Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3400 Vega Avenue, Cleveland, OH 44113

Fips

Fips Code 39035

Population

2020 to 2025 Change down 2.5%

2010 Count 1,280,122

2020 Count 1,264,817

2025 Estimate (V2025) 1,232,925

2020 Estimate (V2025) 1,264,775

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 20.1%

18 to 64 54.2%

65 and Older 20.5%

Gender

Male 48.0%

Female 52.0%

Place of Birth

Foreign 7.7%

US 92.3%

Education

High School Graduate, Age 25+ 91.5%

Bachelor's Degree or Higher, Age 25+ 36.5%

Computer and Internet use

Households with a computer 94.0%

Households with a broadband Internet subscription 89.5%

Language

English is Second Language, Age 5+ 12.3%

English is First Language, Age 5+ 87.7%

Veterans

Veterans 54,264

Income

Per Capita Income $42,747

Median Household Income $64,468

People in Poverty 14.9%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 615,116

Households 554,551

Average Household Size 2.20

Owner-Occupied 59.4%

Multi-Family 34.9%

Owner-Occupied Median Value $195,400

Median selected monthly owner costs -with a mortgage $1,570

Median selected monthly owner costs -without a mortgage $671

Median gross rent $1,060

Building Permits

New Private Housing Issued 2024 1,685

Years at Residence

1 Year or More 86.7%

Less Than 1 Year 13.3%

Business and Employment

Private non-farm Establishments 31,496

Private non-farm Employment 681,543

Private non-farm Employment Growth up 0.7%

Nonemployer Establishments 110,977

Number of Firms 23,160

Business Production

Value of Shipments $23,225,392,000

Wholesale Trade $24,854,217,000

Retail Trade $16,920,714,000

Retail Sales Per Capita $11,914

Accommodation and Food Services $3,332,698,000

Land

Land Area 457.19 sq. miles

Population Per Square Mile 2,800

Source: US Census Bureau

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3400 Vega AvenueCleveland, OH 44113