8117 Carnegie Ave, Cleveland, OH 44103
For Sale
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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.
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
GR · Cleveland, OHCleveland. Always verify with local authorities before improvements.
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.