13520 Euclid Ave East Cleveland, OH 44112
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.