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    13520 Euclid Ave East Cleveland, OH 44112

    For Lease
    Contact for pricing

    East Cleveland retail center, multiple spaces available.

    Lot size:
    66,114 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Forest Hills Shopping Center, located at 13520 Euclid Ave, East Cleveland, OH 44112, presents a compelling retail investment opportunity. This single-story, 66,114 square foot strip center, built in 1940, offers multiple spaces for lease, ranging from a minimum of 3,295 square feet to a maximum contiguous space of 12,944 square feet. Currently, 27,108 square feet are vacant, providing significant potential for new tenants. The property boasts exceptional visibility at the bustling intersection of Euclid and Superior Avenues, benefiting from high traffic volume and convenient access to public transportation via the Superior Transit Station. Ample parking is available both in front and rear of the building. The property features a dedicated turn lane at one of its signalized intersections, further enhancing accessibility. Taxes are $4.62 per square foot. Its strategic location near University Circle, Historic Little Italy, Forest Hill Park, the Cleveland Museum of Natural History, and the Cleveland Clinic Main Campus ensures exposure to a large and diverse customer base. A unique advantage is the availability of free basement storage space, approximately equal to the leased square footage, in select suites. This prime location in Cuyahoga County offers a rare chance to establish or expand a business within a thriving community.

    Property Features for 13520 Euclid Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    66,114 SF

    Building Details

    Year Built
    1940
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 135604
    Size
    3,459 SF
    Space
    Suite 13598
    Size
    12,944 SF
    Space
    Suite 13558
    Size
    4,604 SF

    HighLights

    • Excellent mass transit access: bus stop at the doorstep and immediate proximity to RTA Rapid Station.
    • Prime medical location near University Hospitals and Cleveland Clinic.
    • Less than two miles from University Circle.
    • University Circle proximity: Case Western Reserve University, Cleveland Clinic, University Hospitals Cleveland Medical Center, VA Medical Center, and Cleveland Museum of Art.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.588757
    Latitude
    41.5232131

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    FAQs

    What type of property is this?
    Neighborhood center - East Cleveland retail center, multiple spaces available.
    Where is this neighborhood center located?
    The property is located at 13520 Euclid Ave East Cleveland, OH.
    What are key features of this property?
    This property features: Excellent mass transit access: bus stop at the doorstep and immediate proximity to RTA Rapid Station.; Prime medical location near University Hospitals and Cleveland Clinic.; Less than two miles from University Circle.
    Request Owner's contact information
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    East Cleveland, OH 44112
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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
    13520 Euclid Ave East Cleveland, OH 44112
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