22800-22840 Lake Shore Blvd - Supermarket FOR SALE


Euclid, OH 44123
$7,500,000 USD
646-494-4658
22800-22840 Lake Shore Blvd, Euclid, OH for Sale
$7,500,000 USD
Supermarket - FOR SALE
1/15
null | 7.28% Cap Rate

22800-22840 Lake Shore Blvd
Euclid, OH 44123


HIGHLIGHTS

  • Grocery-anchored neighborhood center with longstanding Marc’s location (26+ years)
  • Attractive 7%+ going-in Cap Rate with lease upside
  • 85,577 SF Community retail asset positioned along primary Lakeshore Boulevard corridor
  • Strong credit and service-oriented tenancy including national bank and wireless operators
  • Scheduled rental increases across multiple leases
  • Infill location serving dense residential base along Lake Erie shoreline

OVERVIEW

Anchor Retail is proud to exclusively present for sale Lakeshore Plaza, a grocery-anchored neighborhood center with strong visibility at the high-tra?c, signalized intersection of Lakeshore Boulevard and East 228th street in Euclid, Ohio. The property features an attractive facade, generous parking, and multiple access points, creating an easy and convenient shopping experience for daily needs. Anchored by high-performing Marc’s along with national brands such as Chase Bank, Metro by T-Mobile, and Marco’s Pizza, the center benefits from durable tra?c and diversified tenancy. Positioned within a dense residential trade area and near major employment drivers including the new Amazon Fulfillment Center, Lakeshore Plaza is poised to capture ongoing growth in both household and daytime populations. The asset further benefits from significant public and private investment in Euclid’s lakefront, including new trails and connectivity enhancements between Downtown Euclid, Sims Park, and the Lake Erie waterfront, strengthening long-term demand for well-located retail at this corridor.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

7.28%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakeshore Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

CROSS STREETS

228th St. & Lake Shore Blvd.

LAND ACRES

6.34 AC

LAND SF

276,170 SF

ZONING

-

APN/PARCEL ID

644-24-005,644-24-026

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.