Mixed-Use Property with Ground-Floor
For Sale
Contact for pricing
12308 Mayfield Road, Cleveland, OH 44106
Apartment residences are paired with ground-floor NNN retail occupied by two food and beverage operators.
Property Size51,743 SF
Days on Market124
Property Features for 12308 Mayfield Road
General Information
Standard status
Active
Size
51,743 SF
Class
A
Total Parking Spaces
36
Property subtype
Retail, Multifamily
Occupancy
94%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$1,049,266
Additional Details
Floor
Ground
Multifamily Units
32
Building Details
Year Built
2018
Stories
5
Units
32
Tenancy
Multi
Listing Agency:
Cushman & Wakefield | CRESCO Real Estate
Listed By:
David Leb · License #OH SAL.2015004836
Source:
Crexi
Added: Apr 22
Changed: Aug 21
Last Checked: Aug 19 at 11:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | CRESCO Real Estate
Investment Insights
Based on property information with market context.
Built in 2018, this mixed-use property contains 32 oversized apartment units and approximately 8,658 SF of ground-floor NNN retail. The retail component is occupied by two food and beverage operators, creating a combination of residential and commercial occupancy within one asset. Apartment layouts average nearly 1,400 SF, providing larger floor plans than typical new construction offerings.
The property is located in Little Italy within Cleveland’s University Circle submarket. Cleveland Clinic, University Hospitals, and Case Western Reserve University are in immediate proximity, providing access to three major employment and institutional anchors. The asset also includes nine years of remaining tax abatement.
The property is located in Little Italy within Cleveland’s University Circle submarket. Cleveland Clinic, University Hospitals, and Case Western Reserve University are in immediate proximity, providing access to three major employment and institutional anchors. The asset also includes nine years of remaining tax abatement.
Key Highlights
- 32‑unit apartment component built in 2018
- Approximately 8,658 SF of ground‑floor NNN retail
- Two food and beverage operators occupy the retail space
Property Analytics
Property Profile
Current Use
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
3,796
Businesses Nearby
Explore this area
Business Placement
Demographics for 44106, OH
26,608
Population
13,287
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
6,188
Density / Sq Mi
$42,869
Median Household Income
$27,056
Median Earnings
$1,024
Median Rent
$241,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Apartment residences are paired with ground-floor NNN retail occupied by two food and beverage operators.
Where is this mixed-use property located?
The property is located at 12308 Mayfield Road Cleveland, OH.
What are key features of this property?
This property features: 32‑unit apartment component built in 2018; Approximately 8,658 SF of ground‑floor NNN retail; Two food and beverage operators occupy the retail space
