1720-1736 Columbus RdCleveland, OH 44113

Property Details for 1720-1736 Columbus Rd

Year built

1940

Lot size

0.55 AC

Property size (Sq ft)

27,094 SF

Property type

Mixed-use properties

Property subtype

Multifamily properties

Description

Exceptional turnkey development opportunity in Cleveland's vibrant Flats neighborhood. This mixed-use property, encompassing 27,094 square feet across three buildings on a 0.55-acre lot, presents a unique chance to build 45 apartment units. The property, built in 1940 with partial renovations in 2015, is currently vacant, offering a blank canvas for immediate development. Complete construction drawings are available, and the project is permit-ready with the City of Cleveland. The approved plans include an additional 20,000 square feet of new residential space, creating a total of 45 apartments, plus a top-floor amenity deck boasting stunning views of the downtown skyline and the Cuyahoga River. The property includes 10 existing parking spaces. Located at 1720-1736 Columbus Rd, Cleveland, OH 44113, this prime location is situated within a rapidly growing area, boasting over 1,500 recently completed or under-construction apartment units within a half-mile radius, including the substantial Thunderbird development. This offering presents significant advantages, including its location in an Opportunity Zone and potential eligibility for historic tax credits. The asking price is $2,350,000, translating to $86.74 per square foot. This is a fee simple ownership. Don't miss this chance to capitalize on this thriving market.

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.4929

Longitude

-81.7005

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