23949 Chagrin Blvd - Freestanding FOR SALE


Beachwood, OH 44122
$3,866,500 USD
216-658-6120
23949 Chagrin Blvd, Beachwood, OH for Sale
$3,866,500 USD
Freestanding - FOR SALE
1/13
null | Request Cap Rate

23949 Chagrin Blvd
Beachwood, OH 44122


HIGHLIGHTS

  • Shadow anchored by Pavilion Shopping Center
  • Join Giant Eagle, Petco, Ross Dress for Less, Michaels and more | $184,614 average household incomes within 1-mile and $139,172 within 3-miles
  • 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

$3,866,500 USD

PRICE/SF

$95 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, Supermarket, 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

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

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