8212 83rd St Cleveland, OH 44103
This exceptional retail storefront opportunity, located at 8212 E 83rd St in Cleveland, Ohio, presents a compelling investment prospect. The property encompasses a substantial 6,200 square feet of space, distributed across two buildings, each two stories high, built in 1932. Situated on a generous 22,313 square foot lot (APN: 119-21-002, 119-21-059, 112-21-058), the property is zoned S1. Its strategic location in the Fairfax neighborhood places it ideally between Midtown and University Circle, two thriving areas. Midtown boasts a concentration of health tech, high-tech businesses, and non-profit organizations, while University Circle is renowned for its educational institutions and museums. This prime location offers significant advantages, benefiting from the vibrant growth and diverse work-play environment of the area. The property's proximity to the Cleveland Clinic campus and PNC Fairfax Connection further enhances its appeal. The asking price for this remarkable opportunity is $525,000. This presents a unique chance to acquire a well-positioned retail property in a rapidly developing area with substantial potential for future growth and development.
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
SI · Cleveland, OHCleveland. Always verify with local authorities before improvements.
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.