3663 Park East Dr
Beachwood, OH 44122
Redevelopment Opportunity - Former Hotel · Land For Sale · 10.00 AC

The subject property at 3663 Park East Drive in Beachwood, Ohio represents a rare large-scale redevelopment opportunity within one of Northeast Ohio’s most affluent and supply-constrained submarkets. The 9.98 AC site is fully entitled and positioned at the intersection of I-271 and Chagrin Boulevard, offering exceptional regional visibility, access, and long-term development flexibility.
Formerly improved with a full-service hotel, the site has completed key upfront due diligence including zoning approvals, Phase I environmental work, ALTA survey, and demolition planning, significantly reducing execution risk for a future developer. Zoned U-4C, the property allows for a broad mix of uses including multifamily, office, retail, hospitality, and medical, enabling phased or master-planned development strategies.
The site benefits from exposure to more than 160,000 vehicles per day along I-271 and sits within a premier trade area defined by high household incomes, dense employment, and established luxury retail, healthcare, and office anchors. With municipal openness to economic incentives and tax abatement based on project scope, the property offers a compelling platform for both near-term development and long-term value creation.