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    3915 Carnegie Ave Cleveland, OH 44115

    For Lease
    Contact for pricing

    Cleveland Restaurant Space - Multiple Tenants

    Lot size:
    17,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 17,600 square foot freestanding building presents a unique investment opportunity in Cleveland's vibrant culinary scene. Situated at the highly visible intersection of Carnegie Avenue and East 40th Street, this property offers significant potential for growth and profitability. The building is currently configured as a food hub, featuring thirty individual kitchens, each fully equipped with essential commercial appliances including hoods, sinks, and refrigeration units. This setup is ideal for a variety of food-related businesses, from established restaurants to emerging food entrepreneurs. The multiple-tenant configuration allows for diverse income streams and a robust tenant base. Located in Cuyahoga County, Ohio, with a zip code of 44115, this property benefits from excellent visibility and accessibility. The building's substantial square footage provides ample space for expansion or adaptation to meet evolving market demands. This is a rare chance to acquire a well-established and versatile commercial property in a thriving Cleveland submarket. The property's existing infrastructure significantly reduces start-up costs for potential tenants, making it an attractive option for a wide range of culinary ventures. The high-traffic location ensures consistent exposure to a large customer base, maximizing the potential for success. This is a prime opportunity for investors seeking a stable and profitable investment in the Cleveland food industry.

    Property Features for 3915 Carnegie Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,600 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    259 SF
    Space
    Available Space 2
    Size
    217 SF
    Space
    Available Space 3
    Size
    222 SF
    Space
    Available Space 11
    Size
    223 SF
    Space
    Available Space 12
    Size
    223 SF
    Space
    Available Space 13
    Size
    220 SF
    Space
    Available Space 18
    Size
    273 SF
    Space
    Available Space 19
    Size
    268 SF
    Space
    Available Space 27
    Size
    280 SF
    Space
    Available Space 30
    Size
    278 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Forest City Grub Delivery Service Chennai Caters Caterer Margie Suezo Studio Photography Studio El Arepazo y ... Restaurant Cilantro Thai Express ... Thai Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.657554903547
    Latitude
    41.501041565013

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    FAQs

    What type of property is this?
    Restaurant - Cleveland Restaurant Space - Multiple Tenants
    Where is this restaurant located?
    The property is located at 3915 Carnegie Ave Cleveland, OH.
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    Cleveland, OH 44115
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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
    3915 Carnegie Ave Cleveland, OH 44115
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