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Property profile & analytics
FOR LEASE
Theaters & concert halls

3606 Mayfield Rd Cleveland Heights, OH 44118

57,570 SF 9.52 ac lot Built 2000
Entity Owned 10-yr Hold Free & Clear
Property ID
US66-2471706
Property summary
AI-generated overview

This exceptional 125,000 square foot retail property, situated on a 19.042-acre lot in Cleveland Heights, Ohio, presents a compelling investment or lease opportunity. The single-story building, zoned S1, boasts 3114 parking spaces, ensuring ample convenience for customers. The property is strategically located at the intersection of Mayfield Road and South Taylor Road, within a densely populated suburb of Cleveland. Its prime location benefits from the presence of major anchor tenants, including Home Depot and Dave's Market, attracting significant foot traffic. The area is further enhanced by numerous national retailers and restaurants, creating a vibrant and thriving commercial environment. This property offers a unique chance to establish or expand a business in a high-demand location, close to University Hospitals-Cleveland, the largest employer in the area. The property's APN is 68331008, and it is located in Cuyahoga County, Ohio, with a zip code of 44118. While the building currently has no individual suites listed, the entire space is available for lease or sale. Contact for pricing and detailed availability information.

Property profile
Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 2000
Construction TYPE NOT SPECIFIED
Total area 57,570 SF
Lot 9.52 ac (414,734 SF)
Zoning code S1
APN 683-31-008
UPID US66-2471706
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$845k
CAP Approach CAP
by Request
Comparable Approach Comparable
$796k
Blend (final) Blend
$820k
Owner & transaction history
Severance Realty LLC · 10 yrs held
Severance Realty LLC
since 2016
7 recorded transactions
2016
Price N/A
2016
$10.5M
2016
$6.6M
2004
$54.0M
2002
$424,020
1969
Price N/A
1969
Price N/A
Zoning & alternative use
S1 · Cleveland Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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