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    8000 Euclid Ave Cleveland, OH 44103

    For Sale
    $2,000,000

    Retail property with long-term tenant in dense Cleveland area.

    Property size:
    11,878 SF
    Lot size:
    1.83 Acres

    Property Features for 8000 Euclid Ave

    General Information

    Size
    11,878 SF
    Lot size
    1.83 Acres

    Source: Trinity Real Estate Investment Services - Corporate Agent Justin Williams

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

    Overview

    Euclid Ave Retail Opportunity

    This retail property is currently occupied by CVS Pharmacy, with over 9 years remaining on the lease. The tenant has been operating since 2008. The property is located along Euclid Avenue, which experiences a daily traffic count of over 11,090 vehicles per day. The surrounding area has a dense population, with over 271,000 residents within a 5-mile radius. The property size is 11,878 square feet. Cleveland is home to several major cultural institutions, including the Cleveland Museum of Art and the Cleveland Museum of Natural History. CVS is the largest company that has operations solely in the United States, operating close to 10,000 stores throughout the country. The property is currently a zero cash flow deal with pricing based on seller defeasing the existing loan at closing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CVS Drug Store CVS Photo Passport Photo Processor Wabq Radio Broadcaster Redbox Movie Rental Kiosk UPS Access Point ... Shipping And Mailing Service

    Suggested Use

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

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

    Similar Places Nearby

    Church Square Pharmacy, Essentials By Yola', CVS Pharmacy, Catherine Wilson, UH Gerald Zlotnik Family Pharmacy

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.632502
    Latitude
    41.503773

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    FAQs

    What type of property is this?
    Drug store - Retail property with long-term tenant in dense Cleveland area.
    Where is this drug store located?
    The property is located at 8000 Euclid Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - CVS Pharmacy with 9+ Years Remaining on Lease; - Long Operating Tenant, rent commenced in 2008.; - Extremely Dense 5-Mile Demographics with Over 271K+ Residents.
    (817) 304-8916
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    8000 Euclid Ave Cleveland, OH 44103
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    Cleveland, OH 44103
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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
    8000 Euclid Ave Cleveland, OH 44103
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