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2041 W 17th St - Guardian Bluffs 3.82 Acres of Commercial Land in Cleveland, OH 44113
EXECUTIVE SUMMARY
The site is adjacent to the brand new (2025) transformational development Thunderbird on the Scranton Peninsula, boasting a combined 600+ market apartments with some town homes as well as the new globally recognized BrewDog and future Great Lakes Brewery. Additionally, The Collins—a 316-unit luxury apartment complex developed by the NPR Group—is within walking distance and The Triton at the Flats—a nearby 293-unit luxury complex developed by Silver Hills—is opening soon.
Guardian Bluffs is positioned in an overlay district which allows for multifamily zoning. Additionally, the city of Cleveland has excellent tax abatement packages for qualified developments. The site has great connectivity to the 100-mile Towpath trail and 20-acre Irishtown Bend public park project and waterfront revitalization.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 3.82 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | SI - K4 - Semi-Industry (located in an overlay district with MULTIFAMILY PERMITTED) | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 3.82 AC |
| Opportunity Zone |
Yes |
| Zoning | SI - K4 - Semi-Industry (located in an overlay district with MULTIFAMILY PERMITTED) |
1 LOT AVAILABLE
Lot
| Lot Size | 3.82 AC |
| Lot Size | 3.82 AC |
DESCRIPTION
Multifamily Zoning: The current zoning is SI K4 Semi-Industry; however, this property is located in an overlay district which allows for multifamily development (Cleveland Zoning Ordinance Code: 337.08 Multi Family District). This property allows for multifamily housing (without variances) at 175’ high above grade with a FAR (Floor Area Ratio) of 6. Opportunity Zone: This property is located in an Opportunity Zone (https://opportunityzones.ohio.gov). Explosive Development Market: Over $1B in redevelopment with thousands of new multifamily and single family units coming to market in Ohio City, Tremont, and downtown Cleveland neighborhoods. Record Breaking Rental Rates: This property is located at the epicenter of new development in Northeast Ohio, with new construction luxury apartment rents ranging from $2.50 PSF - $3.00 PSF. Residential Home Sales: Newly constructed single-family homes in the nearby neighborhood of Duck Island have a price range of $800,000 to $1.4 million, based on recent sales data from Zillow. New single family homes are being built at $2M+ on adjacent properties. Uniqueness: This property is located on a bluff with unimpeded views of downtown Cleveland and is connected to the Ohio City and Tremont neighborhoods. Due Diligence: Ownership currently has a Phase 1 and ALTA Survey for prospective buyers review, with signed Confidentiality Agreement.
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2041 W 17th St - Guardian Bluffs
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