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    FOR SALE
    Retail space

    8117 Carnegie Ave, Cleveland, OH 44103

    2,574 SF 0.21 ac lot Built 1920
    Individually Owned 23-yr Hold Free & Clear
    Property ID
    US66-2718903
    Property summary
    AI-generated overview

    This exceptional 9,537 square foot flex space property at 8117 Carnegie Avenue in Cleveland, Ohio, presents a unique investment opportunity. Located in Cuyahoga County, zip code 44103, this high-profile building boasts a prime corner lot position at the intersection of 82nd Street and Carnegie Avenue, offering excellent visibility and accessibility. The property has been owned and occupied by the same seller for over 30 years, representing a rare chance to acquire a well-established asset. The building features a full usable basement, adding significant square footage to the overall usable area. Ample parking is available on-site. The strategic location directly across from Vienna Distributing and steps away from the Cleveland Clinic's main campus, an area experiencing rapid growth with over one million square feet of new construction underway on Carnegie Avenue, makes this property exceptionally attractive for a variety of uses. The existing structure offers potential for redevelopment or repurposing to suit a wide range of business needs. Furthermore, there's potential to expand the existing parking lot, enhancing the property's functionality and appeal. This is a rare opportunity to acquire a well-situated, versatile commercial property in a thriving Cleveland neighborhood. The asking price is $695,000.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1920
    Construction TYPE NOT SPECIFIED
    Total area 2,574 SF
    Lot 0.21 ac (9,100 SF)
    Zoning code GR
    APN 119-14-045
    UPID US66-2718903
    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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Lyssaar Ltd · 23 yrs held
    Lyssaar Ltd
    since 2003
    1 recorded transaction
    2003
    Zoning & alternative use
    GR · Cleveland, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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