West 73rd Street Apartments | 1325-1345 W 73rd St
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West 73rd Street Apartments 1325-1345 W 73rd St
194 Unit Block of Flats £3,432,150 (£17,691/Unit) 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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | £3,432,150 | Apartment Style | Mid Rise |
| Price Per Unit | £17,691 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.78 AC |
| No. Units | 194 | Construction Status | Proposed |
| Property Type | Residential | Building Size | 65,656 SF |
| Property Subtype | Apartment | Number of Floors | 5 |
| Price | £3,432,150 |
| Price Per Unit | £17,691 |
| Sale Type | Investment |
| No. Units | 194 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 1.78 AC |
| Construction Status | Proposed |
| Building Size | 65,656 SF |
| Number of Floors | 5 |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Fitness Centre
- Pool
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £55,190 | |
| Land Assessment | £186,592 | Total Assessment | £241,783 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£186,592
Improvements Assessment
£55,190
Total Assessment
£241,783
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Power Broker Joseph Khouri -
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West 73rd Street Apartments | 1325-1345 W 73rd St
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