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Main Avenue & Sycamore St
Cleveland, OH 44113

Nautica Waterfront District Acreage · Land For Sale · 5.61 AC

Investment Highlights

  • 483 feet of frontage on the Cuyahoga River
  • Residential tax abatement available
  • New zoning-275 ft. height
  • Outstanding scenic views of Downtown Cleveland and the Cuyahoga River
  • New Market tax credits available
  • Asking Price: $17.5 Million

Executive Summary

~5.61 Acre waterfront development opportunity for sale in the Nautica Waterfront District, Flats West Bank, Cleveland, Ohio. The Nautica Waterfront District is a sprawling 22-acre site on the west bank of the Cuyahoga River in Cleveland, Ohio. It offers exciting places to live, work and play. Development focus will be on residential and hotel uses. +/- 15 acres for additional uses to live, work and play. Building on the success of the Nautica Entertainment Complex and its 35-year history. Adjacent to the Cuyahoga River with spectacular views of the city of Cleveland skyline. Direct link to the Lake Link Trail which is adjacent to the Nautica Waterfront District property. Direct link to the future bridge from the Flats West Bank to Whiskey Island. Walking distance to numerous restaurants and entertainment venues. Short walk or drive to retail needs such as grocery stores and dry cleaners.

PROPERTY FACTS

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Multifamily
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Hotel
  • Unknown
Total Lot Size 5.61 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price £13,919,822
Price Per AC £2,481,252
Lot Size 5.61 AC

5.61 acre land site located in an Opportunity Zone - West Bank of the Flats Parcel A: ~4.19 acres Parcel B1: ~.71 acres, buildable air rights Parcel B2: ~.71 acres, greenspace only, air rights

Description

5.61 Acre waterfront development opportunity for sale in the Nautica Waterfront District, Flats West Bank, Cleveland, Ohio. The Nautica Waterfront District is a sprawling 22-acre site on the west bank of the Cuyahoga River in Cleveland, Ohio. It offers exciting places to live, work and play. Development focus will be on residential and hotel uses. +/- 15 acres for additional uses to live, work and play. Building on the success of the Nautica Entertainment Complex and its 35-year history. Adjacent to the Cuyahoga River with spectacular views of the city of Cleveland skyline. Direct link to the Lake Link Trail which is adjacent to the Nautica Waterfront District property. Direct link to the future bridge from the Flats West Bank to Whiskey Island. Walking distance to numerous restaurants and entertainment venues. Short walk or drive to retail needs such as grocery stores and dry cleaners. The Nautica Waterfront District opened in 1986 on the west bank of the Cuyahoga River, featuring unique entertainment venues including: FirstEnergy Powerhouse, one of Cleveland’s most iconic structures, once powered Cleveland streetcars at the turn of the century. Greater Cleveland Aquarium, featuring approximately 50,000 SF of aquarium-related uses and the longest sea-tube in the United States. Windows on the River, a top-rated banquet facility in Ohio, features three separate rooms and beautiful outdoor patios. Jacobs Pavilion, one of the top-rated outdoor amphitheaters in America, based on national reviews, seats over 4,000 people and is host to more than 30 concerts and events annually. Nautica Queen Dining Cruise Ship, a dinner cruise ship with 350 seats, offers fine dining on the Cuyahoga River and Lake Erie and its wonderful skyline views. Shooters on the Water, one of the most successful and longest running restaurants in Northeast Ohio. IMPROV comedy club, featuring comedians from across the globe. Music Box Supper Club, one of Cleveland’s top concert venues.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
003-19-015
Land Assessment
£201,034
Improvements Assessment
£978
Total Assessment
£202,012

zoning

Zoning Code Commercial
Commercial
  • Listing ID: 18769628

  • Date on Market: 06/03/2020

  • Last Updated:

  • Address: Main Avenue & Sycamore St, Cleveland, OH 44113

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