W 25th & Columbus Rd - Industrial LAND FOR SALE


Cleveland, OH 44113- Tremont33,977 SF
$3,950,000 USD
216-235-1559
W 25th & Columbus Rd, Cleveland, OH for Sale
$3,950,000 USD
Industrial LAND - FOR SALE
1/3
33,977 SF

W 25th & Columbus Rd
Cleveland, OH 44113
Tremont


OVERVIEW

Multi-family Development Opportunity. 4,000 SF prime retail space at the intersection of W. 25th Street and Columbus Road. Total of five (5) penthouse suites part of Phase I. In addition to Penthouse suites, a variety of designs include Studio, One (1) Bedroom/One (1) Bathroom, and Two (2) Bedrooms/Two (2) Bathrooms. More than half the units at The Pearl boast outdoor terraces and/ or skyline views. Other amenities include a large rooftop patio with a pool, an oversized fitness area, pet wash station, bike storage, coworking space and meeting rooms. Phase II features an additional 38 units and one floor of indoor, temperature controlled parking garage spaces for residents. The average unit size for Phase I is 910 SF and the market monthly rental rate is $2.68 PSF. Furthermore, each floor has 86% efficiency. 500-700 apartments are in development stages within half a mile of this site (The Pine, Electric Gardens, Electric Gardens 2.0, Abbey Avenue Apartments, TREO, 2208 Superior, Intro Phase I & Phase II & Silverhills at Thunderbrid).

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/ACRE

$5,064,073/AC

PRICE/SF

$116 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

The Pearl - Proposed Apartments

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Industrial

LAND PROPOSED USE

-

LAND ACRES

0.78 AC

LAND SF

33,977 SF

OFFSITE IMPROVEMENTS

-

ZONING

Commercial

APN/PARCEL ID

004-04-016

ASK ABOUT THIS PROPERTY

Rico PietroCushman & Wakefield | CRESCO Real EstateMore Info
216-235-1559

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Rico PietroCushman & Wakefield | CRESCO Real EstateMore Info
216-235-1559

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.