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    316 E Highland Rd Macedonia, OH 44056

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    For Lease
    Contact for pricing

    2,700 SF retail space in prime Northeast Ohio location.

    Property size:
    2,700 SF
    Lot size:
    1.48 Acres

    Property Features for 316 E Highland Rd

    General Information

    Size
    2,700 SF
    Lot size
    1.48 Acres

    Source: Cresco Real Estate | Cleveland Agent Cameron Callahan

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

    Overview

    Former Store on Signalized Corner

    This 2,700 square foot former convenience store is situated on a 1.47-acre signalized hard corner. The property benefits from a location in one of Northeast Ohio’s strongest retail trade areas. It offers convenient access to I-271. The corner of Highland Road and SR 8 sees a combined total of over 32,000 vehicles passing by daily.
    Insight Report Location Intelligence

    Current Use by Public Records

    7-Eleven - Closed Tobacco Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Macedonia
    County
    Summit
    State
    Ohio
    Longitude
    -81.5138381
    Latitude
    41.2986705

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    FAQs

    What type of property is this?
    Grocery and convenience store - 2,700 SF retail space in prime Northeast Ohio location.
    Where is this grocery and convenience store located?
    The property is located at 316 E Highland Rd Macedonia, OH.
    What are key features of this property?
    This property features: - Prime location in a strong retail trade area.; - Signalized hard corner location on 1.47 AC.; - High traffic volume: 32,000+ vehicles per day.
    (216) 232-4101
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    316 E Highland Rd Macedonia, OH 44056
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    Macedonia, OH 44056
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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
    316 E Highland Rd Macedonia, OH 44056
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