Property Details for 8514 Carnegie Ave

Year built

1924

Construction

TYPE NOT SPECIFIED

Lot size

0.26 lot acres

Property size

6,149 SF

Zone code

GR

Property type

Auto shops

APN

119-22-012

APU

11922012

Description

This exceptional 8,750 square foot retail property, located at 8514 Carnegie Avenue in Cleveland, Ohio, presents a unique redevelopment opportunity. Situated on a 0.61-acre lot, this commercially zoned property boasts prime visibility and accessibility, directly across from the Cleveland Clinic's main campus. The property's strategic location offers unparalleled exposure to the high volume of foot and vehicle traffic associated with the Clinic. This is further enhanced by its proximity to the planned 1 million square foot Neurological Institute, part of the Clinic's billion-dollar investment in its main campus. The asking price is $1,600,000, translating to $182.86 per square foot. This represents a compelling investment prospect given the property's size, location, and the significant ongoing development within the immediate vicinity. The property's existing structure presents a blank canvas for a variety of retail uses, capitalizing on the high-density population and significant economic activity of the Cleveland Clinic complex. This is a rare chance to acquire a substantial property in a rapidly growing and highly desirable area. The 44106 zip code ensures easy access to major transportation routes and amenities. This is an opportunity not to be missed for investors seeking high-return potential in a premier Cleveland location.

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Longitude

-81.6275

Latitude

41.5008

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments