23949 Chagrin Boulevard Beachwood, OH 44122

Listing Agency CBRE | Cleveland j***@cbre.com Show Phone

Listed by Joseph Khouri · License #SAL.2015001299 Show Phone

Source Cbre

Added: Mar 25 Checked: Jul 17 at 4:50 am

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Investment Insights

Based on property information with market context.

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.

Key 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.

Property Analytics

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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.