225 Franklin Ave Kent, OH 44240

Listing agency CBRE - Cleveland j***@cbre.com Show Phone

Listed by Joseph Khouri · License #OH 2008000837

Source Crexi

Added: Apr 11 Updated: Jul 21 at 1:31PM Checked: Jul 21 at 1:31PM

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Investment Insights

Based on property information with market context.

Proposed Franklin Lofts (Kent West) is presented as a fully entitled, turnkey apartment development site. The property is a development parcel of approximately 0.36 acres with current zoning of Downtown Commercial, and multifamily approval for 47 units. The submitted/drafted alternative drawings are about 85% completed and indicate potential reconfiguration for up to 58 micro units.

The offering is also described as located within a CRA (Community Reinvestment Area), with a stated 10-year tax abatement on improvements. Full architectural plans are identified, prepared by Architect LDA.

This is a development-ready land position with documented approvals and architectural work underway for the proposed apartment project, including both the primary unit count and an alternative micro-unit concept.

Key Highlights

• Proposed Franklin Lofts apartment site with .36‑acre development footprint
• Fully entitled, leasehold interest sale of an apartment site with approvals for 47 units
• Entitlements include potential for 58 micro units based on alternative unit layouts

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FAQs

What type of property is this?

Commercial land - A Downtown Commercial multifamily site with approvals for 47 units, with plans nearing completion for additional micro-unit layouts.

Where is this commercial land located?

The property is located at 225 Franklin Ave Kent, OH.

What are key features of this property?

This property features: Proposed Franklin Lofts apartment site with .36‑acre development footprint; Fully entitled, leasehold interest sale of an apartment site with approvals for 47 units; Entitlements include potential for 58 micro units based on alternative unit layouts