Sprague Road, Berea, OH 44017

Local realty services provided by:CENTURY 21 Bolte Real Estate
Sprague Road,Berea, OH 44017
$299,000
  • 0.49 Acres
  • Lots / Land
  • Active
Listed by:
MLS#:5192975
Source:OH_NORMLS

Price summary

  • Price:$299,000

About this home

Prime Multifamily Development Opportunity in Berea! This cleared and build-ready vacant lot is newly zoned for multifamily use and offers an exceptional opportunity for investors or developers. The City has already approved plans for a 6-unit apartment building, with parking, landscaping, and all required variances completed, saving you valuable time, expense, and uncertainty in the development process. Located in the City of Berea, this property qualifies for a valuable 15-year tax abatement, providing significant long-term savings and enhancing your investment returns. The lot is shovel-ready, allowing you to move directly into construction. Positioned just minutes from the exciting new Cleveland Browns development planned nearby, this location offers strong future growth potential and increased demand for quality housing in the area. Whether you're expanding your rental portfolio or launching your next development project, this fully approved multifamily lot is a rare...

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Home facts

  • Listing ID #:5192975
  • Added:1 day(s) ago
  • Updated:March 13, 2026 at 02:14 PM

Structure and exterior

  • Lot area:0.49 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$299,000
  • Tax amount:$900 (2025)
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