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Willoughby Flex Space Opportunity
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38601 Kennedy Parkway, Willoughby, OH 44094

Flexible building layouts available in Willoughby, Ohio.

Space SizeContact for details
Days on Market275

Property Features for 38601 Kennedy Parkway

General Information

Standard status Active
Property subtype FlexIndustrial
Listing Agency:
Listed By: Jenna Gauntner
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 9 Last Checked: Aug 23 at 6:22AM

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 Jenna Gauntner

Investment Insights

Based on property information with market context.

This property offers flexible building layouts on approximately 16.6 acres. Sample site plans include building footprints ranging from 30,000 to 92,000 square feet, and alternate options will be considered. The building features a clear height of 24 feet. Each building is equipped with 4 docks and 1 drive-in door. Power is supplied by a 1200 amp, 3 phase, 480 volt system. LED lighting is installed throughout the building. The sprinkler system is a wet system, with the ability to upgrade to ESFR. Office space can be built to suit, with the potential for a two-story layout. The building materials consist of split-faced block, brick, and steel. Parking is available with a total of 88 spaces. The property is located less than 30 minutes from Cleveland, with access to SR-2, I-271, and I-90. Cleveland Hopkins International Airport is 34 minutes away. The Airport District Zoning allows for a variety of uses including office, R&D, light industrial, retail, and hotel. Local incentives are available through the City of Willoughby Tax Incentive Grant Program and the City of Willoughby Enterprise Zone Program.

Key Highlights

  • Flexible building layouts with sample site plans from 30K to 92K SF on ±16.6 acres.
  • Accessible location less than 30 minutes from Cleveland with access to SR‑2, I‑271, & I‑90.
  • Diverse Airport District Zoning allows for Office, R&D, Light Industrial, Retail and Hotel uses.

Property Analytics

Current Use

The Kennedy Group Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Restaurant HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

187
Businesses Nearby
Under-served
Demand for This Use

Demographics for 44094, OH

37,634
Population
18,323
Households
2.1
Avg Household Size
46
Median Age
39%
College-Educated
95%
High-School Grad
39.7 sq mi
ZIP Area
948
Density / Sq Mi
$76,125
Median Household Income
$49,393
Median Earnings
$1,155
Median Rent
$247,600
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Similar Off Market Nearby

  • Culinaire Pavane, The Art of Food Design 38342 Western Pkwy #7, Willoughby, OH 44094

Frequently Asked Questions

What type of property is this?
Flex space - Flexible building layouts available in Willoughby, Ohio.
Where is this flex space located?
The property is located at 38601 Kennedy Parkway Willoughby, OH.
What are key features of this property?
This property features: Flexible building layouts with sample site plans from 30K to 92K SF on ±16.6 acres.; Accessible location less than 30 minutes from Cleveland with access to SR‑2, I‑271, & I‑90.; Diverse Airport District Zoning allows for Office, R&D, Light Industrial, Retail and Hotel uses.
More about this property
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