Property summary
This exceptional 9,537 square foot flex space property at 8117 Carnegie Avenue in Cleveland, Ohio, presents a unique investment opportunity. Located in Cuyahoga County, zip code 44103, this high-profile building boasts a prime corner lot position at the intersection of 82nd Street and Carnegie Avenue, offering excellent visibility and accessibility. The property has been owned and occupied by the same seller for over 30 years, representing a rare chance to acquire a well-established asset. The building features a full usable basement, adding significant square footage to the overall usable area. Ample parking is available on-site. The strategic location directly across from Vienna Distributing and steps away from the Cleveland Clinic's main campus, an area experiencing rapid growth with over one million square feet of new construction underway on Carnegie Avenue, makes this property exceptionally attractive for a variety of uses. The existing structure offers potential for redevelopment or repurposing to suit a wide range of business needs. Furthermore, there's potential to expand the existing parking lot, enhancing the property's functionality and appeal. This is a rare opportunity to acquire a well-situated, versatile commercial property in a thriving Cleveland neighborhood. The asking price is $695,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Zoning District: GR-C2 Current Use: Vacant T otal Structure Sqft: 3772.5 SITE DATA TABLE 100’ 90’ 30’ 20’ 8’ 5’ 45’ 50’ 69’ 60’ 5’ 7’6”75’ 8’ 86’7’6” 20’ 7’6” 52’6”’ 20’ 10’ 15’ 9’17’ 9’17’ 9’17’ 9’17’ 24’ 30’ 40’ 48’ 12…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Cleveland market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GR · Cleveland, OHZoning District: GR-C2 Current Use: Vacant T otal Structure Sqft: 3772.5 SITE DATA TABLE 100’ 90’ 30’ 20’ 8’ 5’ 45’ 50’ 69’ 60’ 5’ 7’6”75’ 8’ 86’7’6” 20’ 7’6” 52’6”’ 20’ 10’ 15’ 9’17’ 9’17’ 9’17’ 9’17’ 24’ 30’ 40’ 48’ 12…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Zoning District: GR-C2 Current Use: Vacant T otal Structure Sqft: 3772.5 SITE DATA TABLE 100’ 90’ 30’ 20’ 8’ 5’ 45’ 50’ 69’ 60’ 5’ 7’6”75’ 8’ 86’7’6” 20’ 7’6” 52’6”’ 20’ 10’ 15’ 9’17’ 9’17’ 9’17’ 9’17’ 24’ 30’ 40’ 48’ 12…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GR in Cleveland, OH.
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Find the owner behind the property.
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