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Main Avenue & Sycamore St - Nautica Waterfront District Acreage

5.61 Acres of Commercial Land Offered at $17,500,000 in Cleveland, OH 44113

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Investment Highlights

483 feet of frontage on the Cuyahoga River
Residential tax abatement available
New zoning-275 ft. height

Outstanding scenic views of Downtown Cleveland and the Cuyahoga River
New Market tax credits available
Asking Price: $17.5 Million

Executive Summary

~5.61 Acre waterfront development opportunity for sale in the Nautica Waterfront District, Flats West Bank, Cleveland, Ohio. The Nautica Waterfront District is a sprawling 22-acre site on the west bank of the Cuyahoga River in Cleveland, Ohio. It offers exciting places to live, work and play. Development focus will be on residential and hotel uses. +/- 15 acres for additional uses to live, work and play. Building on the success of the Nautica Entertainment Complex and its 35-year history. Adjacent to the Cuyahoga River with spectacular views of the city of Cleveland skyline. Direct link to the Lake Link Trail which is adjacent to the Nautica Waterfront District property. Direct link to the future bridge from the Flats West Bank to Whiskey Island. Walking distance to numerous restaurants and entertainment venues. Short walk or drive to retail needs such as grocery stores and dry cleaners.

Waterfront Development Opportunity For Sale 3.6.20 7-16-21

Property Facts

Price	$17,500,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Mixed Use Multifamily Hospitality Apartment Units Apartment Units - Condo Hotel Unknown
No. Lots	1	Total Lot Size	5.61 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$17,500,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Mixed Use Multifamily Hospitality Apartment Units Apartment Units - Condo Hotel Unknown
Total Lot Size	5.61 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$17,500,000	Lot Size	5.61 AC
Price Per AC	$3,119,429.59

Price	$17,500,000
Price Per AC	$3,119,429.59
Lot Size	5.61 AC

5.61 acre land site located in an Opportunity Zone - West Bank of the Flats Parcel A: ~4.19 acres Parcel B1: ~.71 acres, buildable air rights Parcel B2: ~.71 acres, greenspace only, air rights

Description

5.61 Acre waterfront development opportunity for sale in the Nautica Waterfront District, Flats West Bank, Cleveland, Ohio. The Nautica Waterfront District is a sprawling 22-acre site on the west bank of the Cuyahoga River in Cleveland, Ohio. It offers exciting places to live, work and play. Development focus will be on residential and hotel uses. +/- 15 acres for additional uses to live, work and play. Building on the success of the Nautica Entertainment Complex and its 35-year history. Adjacent to the Cuyahoga River with spectacular views of the city of Cleveland skyline. Direct link to the Lake Link Trail which is adjacent to the Nautica Waterfront District property. Direct link to the future bridge from the Flats West Bank to Whiskey Island. Walking distance to numerous restaurants and entertainment venues. Short walk or drive to retail needs such as grocery stores and dry cleaners. The Nautica Waterfront District opened in 1986 on the west bank of the Cuyahoga River, featuring unique entertainment venues including: FirstEnergy Powerhouse, one of Cleveland’s most iconic structures, once powered Cleveland streetcars at the turn of the century. Greater Cleveland Aquarium, featuring approximately 50,000 SF of aquarium-related uses and the longest sea-tube in the United States. Windows on the River, a top-rated banquet facility in Ohio, features three separate rooms and beautiful outdoor patios. Jacobs Pavilion, one of the top-rated outdoor amphitheaters in America, based on national reviews, seats over 4,000 people and is host to more than 30 concerts and events annually. Nautica Queen Dining Cruise Ship, a dinner cruise ship with 350 seats, offers fine dining on the Cuyahoga River and Lake Erie and its wonderful skyline views. Shooters on the Water, one of the most successful and longest running restaurants in Northeast Ohio. IMPROV comedy club, featuring comedians from across the globe. Music Box Supper Club, one of Cleveland’s top concert venues.