2041 W 17th St
Cleveland, OH 44113 West Side Market

Multifamily Zoning: The current zoning is SI K4 Semi-Industry; however, this property is located in an overlay district which allows for multifamily development (Cleveland Zoning Ordinance Code: 337.08 Multi Family District). This property allows for multifamily housing (without variances) at 175’ high above grade with a FAR (Floor Area Ratio) of 6.

Opportunity Zone: This property is located in an Opportunity Zone (https://opportunityzones.ohio.gov).

Explosive Development Market: Over $1B in redevelopment with thousands of new multifamily and single family units coming to market in Ohio City, Tremont, and downtown Cleveland neighborhoods.

Record Breaking Rental Rates: This property is located at the epicenter of new development in Northeast Ohio, with new construction luxury apartment rents ranging from $2.50 PSF - $3.00 PSF.

Residential Home Sales: Newly constructed single-family homes in the nearby neighborhood of Duck Island have a price range of $800,000 to $1.4 million, based on recent sales data from Zillow. New single family homes are being built at $2M+ on adjacent properties.

Uniqueness: This property is located on a bluff with unimpeded views of downtown Cleveland and is connected to the Ohio City and Tremont neighborhoods.

Due Diligence: Ownership currently has a Phase 1 and ALTA Survey for prospective buyers review, with signed Confidentiality Agreement.