13520-13620 Euclid Ave - Storefront FOR SALE


Cleveland, OH 44112
$3,400,000 USD
646-494-4658
13520-13620 Euclid Ave, Cleveland, OH for Sale
$3,400,000 USD
Storefront - FOR SALE
1/11
null | 10.69% Cap Rate

13520-13620 Euclid Ave
Cleveland, OH 44112


HIGHLIGHTS

  • 66,515 SF Neighborhood strip center
  • Offered at $51.12/SF, well below replacement cost
  • 33% Vacancy (21,800 SF) creates immediate upside
  • Major urban corridor location near University Circle
  • Demographic Density: 300K+ within 5 miles

OVERVIEW

Anchor Retail is proud to exclusively offer for sale Forest Hills Shopping Center. It is a high-visibility neighborhood center strategically positioned at the heavily-traveled signalized intersection of Euclid Avenue and Superior Avenue in East Cleveland. The property offers over 66,000 square feet of single-story retail on four (4) acres with abundant front and rear parking, multiple access points, and new signage, creating a convenient and highly accessible shopping environment. The center draws consistent traffic from a dense urban trade area of more than 140,000 residents within three (3) miles, and benefits from a strong mix of national, regional, and local tenants serving everyday needs. Located just minutes from University Circle, the Cleveland Clinic Main Campus, University Hospitals, and Forest Hill Park, the asset is well-positioned to capture both neighborhood shoppers and substantial commuter and visitor flows. With meaningful upside from existing vacancy, excellent transit access via on-site bus stops and proximity to the RTA Superior Rapid Station, and continued institutional investment in Greater Cleveland’s east side employment and cultural hub, Forest Hills Shopping Center offers compelling long-term growth potential.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$51 USD /SF

CAP RATE

10.69%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Forest Hills Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

207

LAND DETAILS

LAND ACRES

4.04 AC

LAND SF

175,982 SF

ZONING

Commercial

APN/PARCEL ID

672-19-001

ASK ABOUT THIS PROPERTY

Arthur KaplanAnchor RetailMore Info
646-494-4658

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Arthur KaplanAnchor RetailMore Info
646-494-4658

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.