Redevelopment Opportunity in Beachwood,
For Sale
Contact for pricing
3663 Park East Drive, Beachwood, OH 44122
9.98 AC site for mixed-use development near I-271.
Property SizeContact for details
Lot Size9.98 Acres
Days on Market184
Property Features for 3663 Park East Drive
General Information
Standard status
Active
Total Parking Spaces
463
Lot size
9.98 Acres
Property subtype
Retail, Land
Zoning
Commercial, U-4C
Investment Type
Redevelopment
Building Details
Stories
1
Listing Agency:
Cushman & Wakefield CRESCO Real Estate
Listed By:
Rico Pietro · License #OH BRK.2016000871
Source:
Crexi
Added: Feb 6
Changed: Aug 8
Last Checked: Aug 7 at 7:29AM
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 Cushman & Wakefield CRESCO Real Estate
Investment Insights
Based on property information with market context.
Located at 3663 Park East Drive in Beachwood, Ohio, this 9.98-acre property presents a redevelopment opportunity within a submarket with limited supply. The fully entitled site is situated at the intersection of I-271 and Chagrin Boulevard, providing regional visibility and access. The property, formerly a full-service hotel, has undergone due diligence, including zoning approvals, Phase I environmental work, ALTA survey, and demolition planning. Zoned U-4C, the property allows for various uses, including multifamily, office, retail, hospitality, and medical, enabling phased or master-planned development strategies. The site benefits from exposure to over 160,000 vehicles per day along I-271 and is located within a trade area characterized by high household incomes, dense employment, and established luxury retail, healthcare, and office anchors. The municipality is open to economic incentives and tax abatement based on project scope, offering a platform for near-term development and long-term value creation.
Key Highlights
- Prime location at the intersection of I‑271 and Chagrin Boulevard with exceptional visibility and access.
- Fully entitled 9.98 AC site with zoning (U‑4C) allowing for diverse development options: multifamily, office, retail, hospitality, and medical.
- Key upfront due diligence completed: zoning approvals, Phase I environmental, ALTA survey, and demolition planning.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,578
Businesses Nearby
Explore this area
Business Placement
Demographics for 44122, OH
36,268
Population
17,795
Households
2
Avg Household Size
45
Median Age
62%
College-Educated
97%
High-School Grad
12.5 sq mi
ZIP Area
2,901
Density / Sq Mi
$97,469
Median Household Income
$58,334
Median Earnings
$1,509
Median Rent
$304,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 9.98 AC site for mixed-use development near I-271.
Where is this commercial land located?
The property is located at 3663 Park East Drive Beachwood, OH.
What are key features of this property?
This property features: Prime location at the intersection of I‑271 and Chagrin Boulevard with exceptional visibility and access.; Fully entitled 9.98 AC site with zoning (U‑4C) allowing for diverse development options: multifamily, office, retail, hospitality, and medical.; Key upfront due diligence completed: zoning approvals, Phase I environmental, ALTA survey, and demolition planning.
