Development Site in Cleveland,
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2041 West 17th Street, Cleveland, OH 44113
3.82-acre development site in Cleveland's urban core neighborhoods.
Property Size3 SF
Lot Size3.82 Acres
Days on Market151
Property Features for 2041 West 17th Street
General Information
Standard status
Active
Size
3 SF
Lot size
3.82 Acres
Property subtype
Land
Listing Agency:
CBRE | Cleveland
(216) 658-6120
Listed By:
Joseph Khouri · License #SAL.2015001299
(216) 658-6120
Source:
Cbre
Added: Mar 25
Changed: Aug 19
Last Checked: Aug 22 at 8:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Cleveland
Investment Insights
Based on property information with market context.
This 3.82-acre development site, known as Guardian Bluffs (formerly Epic Steel), is located in Cleveland, OH. Situated in the heart of Cleveland's urban core neighborhoods, including Ohio City, Flats East and West Bank, Downtown Cleveland, Duck Island, and Tremont, the site benefits from the area's ongoing renaissance, with thousands of new multifamily units under construction. The property is adjacent to the upcoming Thunderbird development on the Scranton Peninsula, which will feature over 600 market apartments and townhomes, along with a BrewDog and a future Great Lakes Brewery. Additionally, The Collins, a 316-unit luxury apartment complex, is within walking distance, and The Triton at the Flats, a 293-unit luxury complex, is opening soon. The site is located in an overlay district that allows for multifamily zoning, with potential tax abatement packages available from the city of Cleveland for qualified developments. The current zoning is SI K4 Semi-Industry; however, this property is located in an overlay district which allows for multifamily development at 175’ high above grade with a FAR (Floor Area Ratio) of 6. The property is connected to the 100-mile Towpath trail and the 20-acre Irishtown Bend public park project and waterfront revitalization. The property is located in an Opportunity Zone. New construction luxury apartment rents in the area range from $2.50 to $3.00 per square foot. The property is located on a bluff with views of downtown Cleveland and is connected to the Ohio City and Tremont neighborhoods. Ownership has a Phase 1 and ALTA Survey available for prospective buyers review, with signed Confidentiality Agreement.
Key Highlights
- Located in an Opportunity Zone within an explosive development market with over $1B in redevelopment.
- Overlay district allows for multifamily development up to 175' high with a FAR of 6.
- Positioned in the heart of Cleveland's urban core renaissance, adjacent to the transformational Thunderbird development and within walking distance of luxury apartment complexes.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,438
Businesses Nearby
Explore this area
Business Placement
Demographics for 44113, OH
20,291
Population
12,554
Households
1.6
Avg Household Size
33
Median Age
54%
College-Educated
89%
High-School Grad
3.8 sq mi
ZIP Area
5,340
Density / Sq Mi
$70,140
Median Household Income
$61,204
Median Earnings
$1,374
Median Rent
$295,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - 3.82-acre development site in Cleveland's urban core neighborhoods.
Where is this commercial land located?
The property is located at 2041 West 17th Street Cleveland, OH.
What are key features of this property?
This property features: Located in an Opportunity Zone within an explosive development market with over $1B in redevelopment.; Overlay district allows for multifamily development up to 175' high with a FAR of 6.; Positioned in the heart of Cleveland's urban core renaissance, adjacent to the transformational Thunderbird development and within walking distance of luxury apartment complexes.
