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    2639 Warrensville Ctr Rd University Heights, OH 44118

    For Lease
    Contact for pricing

    Prime University Heights Retail Space

    Lot size:
    7,025 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional new mixed-use development, JCU Gateway, presents a unique investment opportunity in University Heights, Ohio. Located at 2639 Warrensville Center Rd, 44118, this development is strategically positioned at the gateway to John Carroll University, boasting a student population of 3,673. Groundbreaking is slated for early 2025, with a projected opening in the fall of 2026. The development features 27,630 square feet of planned retail space, ideal for a variety of uses, including restaurants and small shops. A major specialty grocery store (to be announced) will serve as an anchor tenant, driving significant foot traffic. The property offers 186 parking spaces exclusively for retail tenants and customers, ensuring ample convenience. Its prime location on Fairmount Circle provides easy access to the densely populated communities of University Heights, Shaker Heights, and Cleveland Heights. The surrounding area is highly affluent, with over 15,000 residents within a one-mile radius boasting average incomes exceeding $150,000. This development offers unparalleled access to a large, captive audience of students, faculty, and high-income residents, making it an exceptional opportunity for long-term growth and profitability. The property is classified as retail and restaurant space, with a subtype of retail and small shop, and is a new development with multiple tenancy options. The Cuyahoga County location provides access to a robust local economy and infrastructure.

    Property Features for 2639 Warrensville Ctr Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,025 SF

    Unit(s) available at that property

    Space
    New Development
    Size
    7,025 SF

    HighLights

    • New mixed‑use development in University Heights, OH, at 2639 Warrensville Center Rd, 44118.
    • Groundbreaking early 2025, opening Fall 2026.
    • 27,630 SF of retail space, anchored by a major grocery store.
    • 186 parking spaces for retail tenants and customers.
    • Prime location near John Carroll University (3,673 students) and affluent communities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    University Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5358587
    Latitude
    41.487322

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    FAQs

    What type of property is this?
    Restaurant - Prime University Heights Retail Space
    Where is this restaurant located?
    The property is located at 2639 Warrensville Ctr Rd University Heights, OH.
    What are key features of this property?
    This property features: New mixed-use development in University Heights, OH, at 2639 Warrensville Center Rd, 44118.; Groundbreaking early 2025, opening Fall 2026.; 27,630 SF of retail space, anchored by a major grocery store.
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    2639 Warrensville Ctr Rd University Heights, OH 44118
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    University Heights, OH 44118
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2639 Warrensville Ctr Rd University Heights, OH 44118
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