5455 N Marginal Rd, Cleveland, OH 44114

Shoreway Realty Group is pleased to offer 4.288 acres of Lake Erie frontage in Cleveland, Ohio. The property and the project have been granted 15-year residential tax abatement by the city of Cleveland. This constitutes 100% abatement for all improvements over the tax value of the property when the project gets constructed.This offering price is for the land only. The development project is additional information that could be used for this parcel.In addition, the project and the site have obtained a 30-year tax increment financing (TIF). This permits the increase in value over current tax value to be abated for the portion of such real estate taxes that are not payable to the Cleveland Municipal School District for an additional 30 years after completion of construction.Cleveland Metro Parks is in engaged in a 13 million passive park with walkway, picnic tables, barbecue/grilling areas and park benches. The mini park will provide lakeside viewing areas.Please see the OM for further information and pictures.