Multifamily Development Site For
For Sale
Contact for pricing
8608 Day Dr, Cleveland, OH 44129
6.2 AC multifamily development site within a power center.
Property SizeContact for details
Lot Size6.20 Acres
Days on Market2094
Property Features for 8608 Day Dr
General Information
Standard status
Active
Lot size
6.20 Acres
Property subtype
Land
Listing Agency:
CBRE - Cleveland
(216) 577-1517
Listed By:
Kevin Moss · License #SAL.2015001299
Source:
Crexi
Added: Dec 7, 2020
Changed: Aug 25
Last Checked: Aug 31 at 2:20PM
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 CBRE - Cleveland
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,059
Businesses Nearby
Explore this area
Business Placement
Demographics for 44129, OH
28,803
Population
12,756
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
5.8 sq mi
ZIP Area
4,966
Density / Sq Mi
$67,619
Median Household Income
$39,174
Median Earnings
$1,024
Median Rent
$150,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
