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Property profile & analytics
OFF-MARKET
Specialty properties

2488-2504 40Th St Cleveland, OH 44104

38,230 SF 2.15 ac lot Built 1960
Property ID
Property summary
AI-generated overview

Arbor Park Place, a single-story, 38,230 square foot retail center located at 2488-2504 E. 40th Street, Cleveland, OH 44115, presents a compelling investment opportunity. This Class C property, situated on a 2.15-acre lot (APN 103-32-002) in Cuyahoga County's Central Community submarket, offers multiple suites for lease. Built in 1960 and renovated in 1999, the center currently features four suites, with 26,740 square feet currently vacant. Available spaces range from 1,018 to 18,318 contiguous square feet, suitable for a variety of retail or restaurant uses. The zoning is Retail/Commercial. The property's location near Community College Avenue provides excellent visibility and accessibility. Current tenants include a daycare center and a Dollar Mart. This presents a unique chance to establish a business in a well-established, renovated center within a thriving community. The property's size and flexible space options make it ideal for a range of businesses seeking a prominent location in Cleveland.

Property profile
Verified
Property type Specialty properties
Year built 1960
Total area 38,230 SF
Lot 2.15 ac (93,654 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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