Former Steinmart Anchor Store
23949 Chagrin Boulevard, Beachwood, OH 44122
40,700 SF retail space on 3.21 acres for sale.
Type:Retail
Property size:
40,700 SFLot size:
3.21 AcresPrice / SF:
$84/SF- Added:
- Mar 25, 2026
- Days on Market:
- 49
- Last Refresh:
- Mar 18 at 7:56 am
Property Features for 23949 Chagrin Boulevard
General Information
- Standard status
- Active
- Size
- 40,700 SF
- Lot size
- 3.21 Acres
- Property subtype
- Retail
Listing agent Joseph Khouri License #2008000837
Listing office CBRE | Cleveland (216) 658-6120
Listing date Mar 25, 2026
Source Cbre
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 CBRE | Cleveland
HighLights
- Rare anchor store box purchase opportunity in a high‑end retail and demographic market.
- Located in the heart of the Beachwood MSA, surrounded by high‑end retail and over 5m SF of office space, with proximity to University Hospital Ahuja hospital.
- High traffic counts of 25,800 VPD on Chagrin Blvd.
- Zoned U‑4A integrated Business, permitting general retail, hotel, multifamily with ground floor retail, childcare, fitness and more.
- 40,700 SF former Steinmart on 3.21 acres of land with future potential outlot opportunity.
- Join Giant Eagle, Ross Dress for Less, Petco, Michaels and shadow anchored by Pavilion Shopping Center.
Overview
This 40,700 square foot retail space is a former Steinmart located on 3.21 acres. The property is positioned in the heart of the Beachwood MSA, a market featuring high-end retail, over 5 million square feet of office space, and proximity to University Hospital Ahuja, which underwent a $236 million expansion in 2024. The area also includes over 15 hotels with over 2,000 keys. The location benefits from high traffic counts of 25,800 vehicles per day on Chagrin Boulevard. The building features ceiling heights of approximately 17' 11" to 19' 8 3/4" on the south wall and 16' 3" to 18' on the north wall, with a roof that slopes from front to back and internal roof drains. Loading is facilitated by 2 recessed truck wells. Zoned U-4A integrated Business, permitted uses include general retail, hotel, multifamily with ground floor retail, childcare, fitness, and more. The property is subject to the Pavilion CCR's and requires consent from the neighboring owner. It is shadow-anchored by Pavilion Shopping Center and near Giant Eagle, Ross Dress for Less, Petco, and Michaels. There is future potential for an outlot opportunity.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Beachwood
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5096244
- Latitude
- 41.4654688
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - 40,700 SF retail space on 3.21 acres for sale.
Where is this retail space located?
The property is located at 23949 Chagrin Boulevard Beachwood, OH.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Rare anchor store box purchase opportunity in a high‑end retail and demographic market.; Located in the heart of the Beachwood MSA, surrounded by high‑end retail and over 5m SF of office space, with proximity to University Hospital Ahuja hospital.; High traffic counts of 25,800 VPD on Chagrin Blvd.
