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1923 Willey Ave
Cleveland, OH 44113 Tremont

$695,000 USD

Land For Sale  •  1 AC

Property Details

  • Property Type Land
  • Lot Size 1 AC
56 Transit Score
71 Walk Score

Description 

PROJECT FOR SALE: a fully entitled multifamily development. The seller just received confirmation that they are eligible to apply for Opportunity Zone (OZ) funding, which can be applied toward the overall construction costs. 
They intend to apply for a total of $426,555.00. And they have already engaged a firm to handle all the necessary legal work and paperwork for this funding.
The project is currently unfinished. 
• $695,000 — Current Stage (Unfinished)
Acquire the project as-is, including:
Fully entitled plans
Completed design review & zoning approvals
Completed geotechnical & Phase I environmental assessments
Completed site clearing, partial grading, and tree removal
Final building permits are pending with the City of Cleveland

Highlights

Within an Opportunity Zone, 100% Tax Abatement (grandfathered pre-2024), 1-acre site in Duck Island, between Tremont & Ohio City
Modern design, strong rental demand, walkable urban location, and attractive long-term tax benefits.
A rare chance to control a fully entitled urban infill project in one of Cleveland’s fastest-evolving neighborhoods— build it yourself
Build it yourself and capture the upside, or acquire it turnkey and cash-flow immediately.
Walkable to restaurants, transit, and Cleveland’s top cultural hubs.
Boutique scale with strong rentability and minimal competition.

Public Transportation

Commuter RailDriveWalkDistance
Cleveland Lakefront Station (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 10 min - 3.8 mi
Rockside (National Park Scenic Railway - Cuyahoga Valley Scenic Railroad) 18 min - 9.6 mi
Transit/SubwayDriveWalkDistance
W 25Th St-Ohio City Station (Red Line - Greater Cleveland Regional Transit Authority) 1 min 7 min 0.4 mi
AirportDriveWalkDistance
Cleveland-Hopkins International 22 min - 11.6 mi
Ruset Patrascu 440-655-5472 Phoenix9 Realty, Inc.
Ruset Patrascu 440-655-5472 Phoenix9 Realty, Inc.