Value-Add Package Deal: Church + Vacant Lot

Opportunity to acquire 2 contiguous parcels — a former church/commercial space + adjacent vacant lot! Ideal for multifamily conversion, rental, redevelopment, or land bank.

PLEASE CLICK HERE FOR PROPERTY PHOTOS & VIDEO WALKTHROUGH

Property Highlights:

• Size: 4,012 Sq. Ft.

• Lot Size: 5,440 Sq. Ft.

• Flooring: Linoleum in the women's & mens bathroom

  Carpet elsewhere on first floor — Basement is concrete

• Rooms/Baths: Upstairs is open layout has 1 men bathroom & 1 women’s. 1 room with door. Basement has about 5-6 built out rooms & kitchen area.

• Layout: Formerly a commercial property, later used as a church Open layout inside — great for creative conversion

• Zoning Code: RO - Residential Office (Mixed Use)

  • Residential uses like single-family homes, townhomes, or apartments.

  • Professional office uses, like firms, office, church, bakery, small medical practices, etc.

• Zoning Use: CO - Commercial Office (Currently)

Infrastructure & Utilities:

• Roof: In good condition
  Furnace: Current furnace can be fixed for use or can be replaced

• Plumbing: Sump pump if off, once electricity is on sump pump will rise and should drain the water out of the basement. Seller believe it might be 2-3 inches of water int he basement

• Electrical: Works fine, No known issues

• Utilities status: Gas, water & electricity is off. Building has not be in use since about 2021.

Property Highlights Land:

Lot Size: 5,600 Sq. Ft.

Lot Details: Feature Main Lot Adjacent Lot Frontage 41 ft. Use Potential New Build, Parking, ADU, Land Bank

Zoning Code: 2F - Two-Family Residential

Zoning Use: 2F - Two-Family Residential

Repairs Needed:

• Partial ceiling tile needs repair

• Back door needs repair

• Needs a new sump pump, electricity is off thus current pump is not in use. Basement has about 2-3 inches of water

• Property needs some exterior brickwork and repointing. A few bricks may need replacement.

• 3 back windows need repair

• Debris removal: some belongings from the former church use remain; benches, piano, tables, chairs, fridge, water heater, boxes.

Real Estate Market Trends:

• Home Price Appreciation: Home prices in 44104 have increased by 14.3% year-over-year, indicating a growing demand and potential for capital appreciation.

• Competitive Market Dynamics: Homes in 44104 are selling faster, with a median of 29 days on the market, indicating strong demand. This trend reflects a competitive environment, beneficial for investors seeking quick turnovers.​

• Strong Rental Demand: With 69.7% of Woodland Hills residents renting their homes, there is a robust rental market, providing steady income opportunities for landlords.

• Zoning Flexibility: The property is zoned Residential Office (RO), allowing for a mix of residential and professional office uses, providing flexibility for various investment strategies.​

• Strategic Location: Proximity to major institutions like the Cleveland Clinic, University Circle, and Cleveland Hopkins International Airport enhances the property's appeal for both residential tenants and commercial occupants.

Cash Only

Multiple Exit Strategies!

Multifamily Conversion (2–4 units) Mixed-Use Live/Work Space

Re-Rent to a Church, Daycare, Bussiness, Community Org, Etc.

New Build on Lot Next Door (SFR, MFR, Duplex)

Land Bank + Hold — cashflow from converted main building, land for future use exit strategy

Asking Price: $55k - Buyer pays closing costs

Property will be vacant at COE.

Please call for property walk through 602-791-2705

EMD: $5k submitted to title due 48 hours from signing of assignment agreement.

COE before 5/30/25