30950 Pinetree Rd Cleveland, OH 44124
- Neighborhood centers
- 93,723 SF
Current Use by Public Records
- Neighborhood centers
Property Details for 30950 Pinetree Rd
- Year built
- 1961
- Property size
- 93,723 SF
- Property type
- Neighborhood centers
- Property subtype
- Retail properties
Description
Landerwood Plaza, located at 30950 Pinetree Rd in Cleveland, Ohio 44124, presents a compelling investment opportunity. This two-story, 93,723 square foot retail and traditional office property, built in 1961 and renovated in 2018, sits on an expansive 11.93-acre lot. The property features a total of 20 suites, with a minimum divisible space of 230 square feet and a maximum contiguous space of 6,258 square feet. Currently, 11,540 square feet are vacant, offering significant potential for immediate income generation. The property's strategic location within Pepper Pike's financial and business district provides a convenient "work, shop, and dine" experience for tenants and customers. Its traditional office and strip center subtype caters to a diverse range of businesses. The property's multiple tenancy structure offers flexibility and diversification of income streams. This well-maintained property presents a rare opportunity to acquire a substantial commercial space in a prime location with significant upside potential. The property's size and layout provide ample opportunity for expansion or redevelopment. The existing infrastructure and recent renovations minimize immediate capital expenditure needs. This is an excellent opportunity for investors seeking a strong return on investment in a thriving commercial area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Erie
- State
- Ohio
- Longitude
- -81.4611
- Latitude
- 41.4618
