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    8117 Carnegie Ave Cleveland, OH 44103

    For Sale
    $695,000

    Cleveland Flex Space: 9,537 SF, $695K

    Property size:
    9,537 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    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 Features for 8117 Carnegie Ave

    General Information

    Property type
    Flex space
    Square Feet
    9,537 SF

    HighLights

    • Corner lot with high visibility.
    • Full, usable basement offering significant additional square footage.
    • Excellent frontage on Carnegie Avenue, providing strong street presence.
    • On‑site parking lot.
    • Ideal for redevelopment or repurposing.
    • Potential for expansion of existing parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    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
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6314142
    Latitude
    41.5016614

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    FAQs

    What type of property is this?
    Flex space - Cleveland Flex Space: 9,537 SF, $695K
    Where is this flex space located?
    The property is located at 8117 Carnegie Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Corner lot with high visibility.; Full, usable basement offering significant additional square footage.; Excellent frontage on Carnegie Avenue, providing strong street presence.
    Request Owner's contact information
    8117 Carnegie Ave Cleveland, OH 44103
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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
    8117 Carnegie Ave Cleveland, OH 44103
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