West 73rd Street Apartments 1345 West 73rd Street
Cleveland, OH 44102
For Sale
1.78 ac
Sale Price
$3,450,000
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Land For Sale - Available Immediately
Significant Price Reduction! Fully Entitled Multifamily Development Site in Detroit Shoreway/Gordon Square
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Jamie Dunford
Joseph Khouri
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.
» One of the last remaining multifamily development land sites within Cleveland Proper.
» Located in one of the hottest submarkets of the Cleveland CBD
» Surrounded by numerous Class-A luxury apartment properties that are obtaining top of market rents providing proof of concept regarding the area.
» High barrier-to-entry market
» Extremely affluent renter base
» The Detroit Shoreway - Gordon Square community is one of Cleveland’s most desirable neighborhoods, and has experienced explosive growth within the last 15 years.
» Located adjacent to Edgewater Park, Edgewater Beach and Yacht Club, with immediate access to Route 2.
» The Detroit Shoreway / Gordon Square neighborhood has become a residential destination for renters seeking an active lifestyle, connected to downtown with easily accessible neighborhood amenities such as restaurants, grocery, daily needs, medical, and more.
» Detroit Shoreway is located two miles west of downtown Cleveland on a bluff overlooking Lake Erie.
» Located in one of the hottest submarkets of the Cleveland CBD
» Surrounded by numerous Class-A luxury apartment properties that are obtaining top of market rents providing proof of concept regarding the area.
» High barrier-to-entry market
» Extremely affluent renter base
» The Detroit Shoreway - Gordon Square community is one of Cleveland’s most desirable neighborhoods, and has experienced explosive growth within the last 15 years.
» Located adjacent to Edgewater Park, Edgewater Beach and Yacht Club, with immediate access to Route 2.
» The Detroit Shoreway / Gordon Square neighborhood has become a residential destination for renters seeking an active lifestyle, connected to downtown with easily accessible neighborhood amenities such as restaurants, grocery, daily needs, medical, and more.
» Detroit Shoreway is located two miles west of downtown Cleveland on a bluff overlooking Lake Erie.
Total Space Available
1.78 ac
Sale Price
$3,450,000
Get in touch
Jamie Dunford
Joseph Khouri