For Sale
$1,600,000

8514 Carnegie AveCleveland, OH 44106

Cleveland Clinic Area, 8,750 SF, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • High-profile location within the prestigious Cleveland Clinic campus.
  • Excellent visibility and accessibility due to its strategic placement.
  • Modern, high-quality construction and finishes throughout the building.
  • Strong tenant base with long-term leases in place, providing stable income.
  • Abundant on-site parking for tenants and visitors.
  • Proximity to major transportation arteries and public transit.

Property Details for 8514 Carnegie Ave

Property type
Retail properties
Square Feet
8,750 SF
Lot Size (sq. ft)
26,572 SF

Location Insight

City
Cleveland
County
Cuyahoga
State
Ohio
Latitude
41.501253045002
Longitude
-81.627579436218
8514 Carnegie Ave, Cleveland, Ohio

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8514 Carnegie Ave
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