Property summary
This exceptional 988-square-foot retail property, formerly a Rally's restaurant, presents a prime opportunity in Cleveland's vibrant Midtown. Situated on a 0.68-acre lot at 3040 Carnegie Avenue, this QSR (Quick Service Restaurant) space benefits from its high-visibility location and exceptional daily traffic counts. Carnegie Avenue boasts an impressive 29,667 vehicles per day, ensuring significant exposure for any business. The property's strategic location places it in close proximity to Cleveland's bustling downtown core, Cleveland State University, the renowned Cleveland Clinic, and University Circle, guaranteeing a large and diverse customer base. The surrounding area is home to numerous national quick-service restaurant operators, indicating a strong and established market for food service businesses. This property is available for sale or lease and offers an excellent chance to establish or expand a successful food service operation in a prime Cleveland location. The property's existing infrastructure, as a former restaurant, could significantly reduce start-up costs and time. This is a rare opportunity to acquire a well-positioned commercial property in a high-demand area. The property is located in Cuyahoga County, Ohio, with a zip code of 44115.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant Take-out & Catering
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
SI · Cleveland, OHZoning
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