20601 Fairmount Blvd Shaker Heights, OH 44118
For Lease
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This exceptional retail opportunity is located at the highly visible Fairmount Circle, the intersection of Fairmount Boulevard and Warrensville Center Road in Shaker Heights, Ohio. Boasting over 30,000 vehicles daily, this location offers unparalleled exposure. The property sits at the gateway to John Carroll University, a vibrant campus with 3,673 students, and is ideally positioned at the crossroads of densely populated University Heights, Cleveland Heights, and Shaker Heights, encompassing over 120,000 residents and 55,000 employees within a three-mile radius. This thriving neighborhood center already includes established businesses such as Huntington Bank, CVS Pharmacy, Dave's Cosmic Subs, Ben & Jerry's, Pizzazz on the Circle, Biggby Coffee, Boaz Fresh Lebanese, and D.O. Summers Dry Cleaners, creating a strong and diverse tenant mix. Two spaces are currently available. The first is a 4,242 square foot former cafe/market space featuring an existing hood and bar area, perfect for a restaurant or similar concept. The second space comprises 900 square feet, offering flexibility for a variety of retail uses. This is a unique chance to establish a business in a high-traffic, well-established center within a thriving community. The property's strategic location and existing infrastructure make it an attractive investment opportunity.
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District to maintain and promote a mix of commercial uses which provide goods and services for the City as a whole and for the convenience of residents of the surrounding neighborhood
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
C2 · Shaker Heights, OHDistrict to maintain and promote a mix of commercial uses which provide goods and services for the City as a whole and for the convenience of residents of the surrounding neighborhood
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.