1325-1345 W 73rd St - Apartments FOR SALE


Cleveland, OH 44102
$4,350,000 USD
440-823-1266
1325-1345 W 73rd St, Cleveland, OH for Sale
$4,350,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

1325-1345 W 73rd St
Cleveland, OH 44102


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$66 USD /SF

# OF UNITS

194

PRICE/UNIT

$22,423

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West 73rd Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

-

APN/PARCEL ID

002-07-002,002-07-048

ASK ABOUT THIS PROPERTY

440-823-1266

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440-823-1266

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