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    3040 Carnegie Ave Cleveland, OH 44115

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    For Sale
    Contact for pricing

    Former restaurant available for sale or lease in high-traffic area.

    Property size:
    988 SF
    Lot size:
    0.68 Acres

    Property Features for 3040 Carnegie Ave

    General Information

    Size
    988 SF
    Lot size
    0.68 Acres

    Source: Hanna Commercial Real Estate | Cleveland Agent Cheng-Han Yu, CCIM

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

    Overview

    Former Restaurant in Midtown Cleveland

    This property, formerly a Rally's restaurant, is available for sale or lease in the Midtown area. The 988 square-foot property is situated in a high-traffic location with numerous national quick-service restaurant operators nearby. It is located in close proximity to Downtown Cleveland, Cleveland State University (CSU), Midtown, Cleveland Clinic, and University Circle.
    Insight Report Location Intelligence

    Current Use by Public Records

    Rally's Fast Food Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6655068
    Latitude
    41.4995064

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    FAQs

    What type of property is this?
    Drive through restaurant - Former restaurant available for sale or lease in high-traffic area.
    Where is this drive through restaurant located?
    The property is located at 3040 Carnegie Ave Cleveland, OH.
    What are key features of this property?
    This property features: - High traffic area; - Close proximity to Downtown; - Close proximity to CSU
    (216) 861-7200
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    3040 Carnegie Ave Cleveland, OH 44115
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    Cleveland, OH 44115
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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
    3040 Carnegie Ave Cleveland, OH 44115
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