8608 Day Dr Cleveland, OH 44129

Listing Agency CBRE - Cleveland k***@cbre.com Show Phone

Listed by Kevin Moss · License #SAL.2015001299

Source Crexi

Added: Dec 7, 2020 Checked: Jul 17 at 6:56 am

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Investment Insights

Based on property information with market context.

This 6.2-acre multifamily development site is available for sale within The Shoppes at Parma, a 756,000-square-foot power center. The Shoppes at Parma is anchored by Walmart, Dick's Sporting Goods, Burlington, Marc's, Fitworks, Old Navy, and Ulta, among others. The property recently underwent a $100 million redevelopment, transforming the former Parmatown mall into a mixed-use power center. According to a Placer.ai study conducted from October 2020 to October 2021, The Shoppes at Parma ranked 3 out of 152 most visited shopping centers within a 15-mile radius (98th percentile), 14 out of 1,113 most visited shopping centers in the state of Ohio (99th percentile), and 521 out of 32,367 ranked shopping centers in the country (98th percentile). Parma is described as a super-regional trade area with a dense population of 244,244 people within a 5-mile radius.

Key Highlights

• 6.2 AC Multifamily Development Site within The Shoppes at Parma.
• The Shoppes at Parma is a 756,000 SF power center.
• High foot traffic location: Ranks in the 98th‑99th percentile of visited shopping centers regionally and statewide.

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FAQs

What type of property is this?

Commercial land - 6.2 AC multifamily development site within a power center.

Where is this commercial land located?

The property is located at 8608 Day Dr Cleveland, OH.

What are key features of this property?

This property features: 6.2 AC Multifamily Development Site within The Shoppes at Parma.; The Shoppes at Parma is a 756,000 SF power center.; High foot traffic location: Ranks in the 98th‑99th percentile of visited shopping centers regionally and statewide.