Fully Entitled Apartment Development
For Sale
Contact for pricing
Pending
225 Franklin Ave, Kent, OH 44240
A Downtown Commercial multifamily site with approvals for 47 units, with plans nearing completion for additional micro-unit layouts.
Property SizeContact for details
Lot Size0.36 Acres
Days on Market149
Property Features for 225 Franklin Ave
General Information
Standard status
Pending
Lot size
0.36 Acres
Property subtype
Land
Zoning
Downtown Commercial
Additional Details
Multifamily Units
47
Listing Agency:
CBRE - Cleveland
Listed By:
Joseph Khouri · License #OH 2008000837
(216) 658-6120
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Sep 1 at 10:27AM
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.
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.
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
Property Analytics
Property Profile
Current Use
Lease Details
47
Residential units
Location Intelligence
Trade Area within ½ mile
966
Businesses Nearby
Explore this area
Business Placement
Demographics for 44240, OH
38,354
Population
20,228
Households
1.9
Avg Household Size
32
Median Age
44%
College-Educated
96%
High-School Grad
39.7 sq mi
ZIP Area
966
Density / Sq Mi
$57,415
Median Household Income
$31,613
Median Earnings
$989
Median Rent
$216,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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
