23949 Chagrin Blvd - Freestanding FOR SALE


Beachwood, OH 44122
$3,450,000 USD
216-658-6120
23949 Chagrin Blvd, Beachwood, OH for Sale
$3,450,000 USD
Freestanding - FOR SALE
1/13
null | Request Cap Rate

23949 Chagrin Blvd
Beachwood, OH 44122


HIGHLIGHTS

  • Sale Price: $3,450,000 (A $400,000 Price Reduction!)
  • Shadow anchored by Pavilion Shopping Center
  • Rare anchor store box purchase opportunity in one of the best retail and demographic markets in Northern Ohio
  • Value Add: future potential outlot opportunity
  • Loading: 2 recessed truck wells
  • High traffic counts of 25,800 VPD on Chagrin Blvd (source ODOT TIMS)

OVERVIEW

• Ceiling heights: — South wall: The bottom of joist is approximately 17'-11", and bottom of deck is approx. 19'-8 3/4" (south is the front of the store facing Chagrin). North wall: The bottom of joist is 16'-3", and 18' to the bottom of the deck (north is the rear of the store) - the roof slopes from front to back (building has internal roof drains). • Zoned: U-4A integrated Business — Permitted uses include general retail, hotel, multifamily with ground floor retail, childcare, fitness and more — The property is subject to the Pavilion CCR's and would require consent from the neighboring owner — PPN: 74215035 (Cuyahoga County) • The site is located in the heart of the Beachwood MSA, the market features: — Retail: High-end retail, featuring Ohio's only Saks, Cleveland's only Nordstrom, Restoration Hardware Mansion, Tiffany, Apple, Whole Foods, Warby Parker and many more — Office: Over 5m SF office space with 6 Fortune 500 Companies in the east side office district — Medical: Minutes from University Hospital Ahuja hospital, which underwent a $236m expansion in '24 — Hotels: Over 15 hotels with over 2,000 keys

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

40,700 SF Rare Anchor Big Box on 3.21 Acres

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

800

LAND DETAILS

LAND ACRES

3.21 AC

LAND SF

139,828 SF

ZONING

U-4A

APN/PARCEL ID

742-15-035

ASK ABOUT THIS PROPERTY

Joseph KhouriCBRE, Inc.More Info
216-658-6120

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

Joseph KhouriCBRE, Inc.More Info
216-658-6120

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