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1325-1345 W 73rd St - West 73rd Street Apartment Site 1.78 Acres of Commercial Land Offered at $3,450,000 in Cleveland, OH 44102
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $3,450,000 | Lot Size | 1.78 AC |
| Price Per AC | $1,938,202.25 |
| Price | $3,450,000 |
| Price Per AC | $1,938,202.25 |
| Lot Size | 1.78 AC |
Measuring a total of 1.78 acres in the highly affluent Gordon Square/Detroit Shoreway sub-market
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 002-07-048 | Improvements Assessment | $0 |
| Land Assessment | $632,100 | Total Assessment | $632,100 |
PROPERTY TAXES
Parcel Number
002-07-048
Land Assessment
$632,100
Improvements Assessment
$0
Total Assessment
$632,100
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1325-1345 W 73rd St - West 73rd Street Apartment Site
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