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1923 Willey Ave - Cooper Flats 1 Acre of Commercial Land Offered at $957,230 CAD in Cleveland, OH 44113
INVESTMENT HIGHLIGHTS
- Within an Opportunity Zone, 100% Tax Abatement (grandfathered pre-2024), 1-acre site in Duck Island, between Tremont & Ohio City
- A rare chance to control a fully entitled urban infill project in one of Cleveland’s fastest-evolving neighborhoods— build it yourself
- Walkable to restaurants, transit, and Cleveland’s top cultural hubs.
- Modern design, strong rental demand, walkable urban location, and attractive long-term tax benefits.
- Build it yourself and capture the upside, or acquire it turnkey and cash-flow immediately.
- Boutique scale with strong rentability and minimal competition.
EXECUTIVE SUMMARY
21-Unit Boutique Apartment Development Opportunity
PROJECT FOR SALE
This offering presents a rare opportunity to acquire a fully entitled multifamily development in one of Cleveland’s most desirable neighborhoods. The project is currently unfinished and available at two pricing stages.
Prime Location: Duck Island
Situated on a 1-acre site between Tremont and Ohio City, the development lies within an Opportunity Zone and benefits from a grandfathered 100% tax abatement under pre-2024 City of Cleveland regulations.
Investment Highlights
Rare infill site in a high-demand rental market
Strong long-term tax advantages
Modern boutique design with efficient 1BR layouts
Walkable to dining, entertainment, and transit
PROPERTY FACTS
| Price | $957,230 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 1.00 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $957,230 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 1.00 AC |
| Opportunity Zone |
Yes |
1 LOT AVAILABLE
Lot
| Price | $957,230 CAD | Lot Size | 1.00 AC |
| Price Per AC | $957,230.48 CAD |
| Price | $957,230 CAD |
| Price Per AC | $957,230.48 CAD |
| Lot Size | 1.00 AC |
Situated on a 1-acre site between Tremont and Ohio City, the development lies within an Opportunity Zone and benefits from a grandfathered 100% tax abatement under pre-2024 City of Cleveland regulations. Please call the agent for more details.
DESCRIPTION
PROJECT FOR SALE: a fully entitled multifamily development The project is currently unfinished and is available at two pricing stages: • $695,000 — Current Stage (Unfinished) Acquire the project as-is, including: Fully entitled plans Completed design review & zoning approvals Completed geotechnical & Phase I environmental assessments Completed site clearing, partial grading, and tree removal Final building permits are pending with the City of Cleveland • $4,200,000 — Completed Project ( building finalized but not leased out ) Turnkey delivery of a finished, stabilized apartment community: 21 One-Bedroom Apartments (603–649 SF) 22 Surface Parking Spaces 3-Story Wood Frame Building (Type VB) 14,625 SF Total Conditioned Space 13,103 SF Gross Leasable Area Private outdoor porches for 6 out of 7 first-floor units 9’ ceilings in areas outside soffits
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1923 Willey Ave - Cooper Flats
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