Commercial Land for Sale in Cleveland, OH

  • Price: $3.5M
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Cleveland, OH 44102

Description

Significant Price Reduction! Fully Entitled Multifamily Development Site in Detroit Shoreway/Gordon Square CBRE Cleveland is pleased to present the exclusive listing of West 73rd Apartments Development Site (“The Property”) for sale to qualified investors/developers. Measuring a total of 1.78 acres in the highly affluent Gordon Square/Detroit Shoreway sub-market, this presents a rare opportunity for a developer to acquire a fully-entitled multifamily development site in one of the hottest growth markets in Cleveland. With its prime location, along with a 15-year, 100% real estate tax abatement, this provides an attractive opportunity for a developer to acquire one of the last remaining land parcels in this high-barriers-to-entry location. This fully entitled Class A development is designed with 2 identical buildings - North & South - each rising 5 stories with 97 luxury units comprised of 1 and 2 bedroom units.

Market Context

This land in Cleveland, OH is listed for sale at $3,450,000. It has been on the market for 163 days. Compare it against other land listings for sale in Cleveland, OH — <a href="/search/sale/land/ohio/cleveland">view the full market</a>.

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