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    23949 Chagrin Blvd Beachwood, OH 44122

    For Sale
    $3,866,500

    Rare retail opportunity in prime Northern Ohio market.

    Property size:
    40,700 SF
    Lot size:
    3.19 Acres

    Property Features for 23949 Chagrin Blvd

    General Information

    Size
    40,700 SF
    Lot size
    3.19 Acres

    Source: CBRE | Cleveland Agent Joseph Khouri

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Anchor Store Box Opportunity

    This property presents a rare opportunity to purchase an anchor store box in a prominent retail and demographic market in Northern Ohio. The property, with a size of 40,700 square feet, benefits from high traffic counts of 25,800 vehicles per day on Chagrin Boulevard. It features two recessed truck wells for loading. The location is shadow-anchored by Pavilion Shopping Center, one of Beachwood's established power centers, and is near Giant Eagle, Ross Dress for Less, Petco, and Michaels. The surrounding market has a 3-mile population of 78,942 people with average household incomes of $139,172. There is potential for a future outlot opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Chagrin Plaza East, Pavilion Shopping Center, Coinstar Kiosk, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Beachwood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5096244
    Latitude
    41.4654688

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    FAQs

    What type of property is this?
    Shopping center - Rare retail opportunity in prime Northern Ohio market.
    Where is this shopping center located?
    The property is located at 23949 Chagrin Blvd Beachwood, OH.
    What is the asking price?
    The asking price for this property is $3,866,500.
    What are key features of this property?
    This property features: - Located in a high-demographic market with a 3-mile population of 78,942 and average household incomes of $139,172.; - Rare anchor store box purchase opportunity in a prime Northern Ohio retail market.; - Shadow anchored by Pavilion Shopping Center, one of Beachwood's most established power centers.
    (216) 658-6120
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    23949 Chagrin Blvd Beachwood, OH 44122
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    Beachwood, OH 44122
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23949 Chagrin Blvd Beachwood, OH 44122
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