12797 Mayfield Rd Chardon, OH 44024-8357
Claridon Plaza, located at 12797 Mayfield Road, offers exceptional retail space for lease. This Class B property, encompassing 16,922 square feet on a 2.01-acre lot, is undergoing a significant renovation under new ownership. Improvements include a completely new parking lot, updated roofs, a refurbished canopy, and a comprehensive interior unit renovation designed to elevate the space to Class A standards. The property features multiple tenancies, with flexible space options ranging from a minimum of 500 square feet to a maximum contiguous space of 16,500 square feet. Currently, there are units available ranging from 1,000 to 8,000 square feet, ideal for a variety of retail businesses. The property's adaptability makes it suitable for a wide range of tenants seeking flexible and modern retail space. The absence of elevators should be noted. This revitalized plaza presents a unique opportunity for businesses seeking a high-visibility location with ample parking and updated amenities. The extensive renovations ensure a modern and attractive environment for both tenants and customers. Contact us today to learn more about leasing opportunities and explore how this prime retail space can benefit your business.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.