4601 Northfield RdNorth Randall, OH 44128

Property Details for 4601 Northfield Rd

Year built

1973

Construction

TYPE NOT SPECIFIED

Lot size

12.73 AC

Property size (Sq ft)

92,281 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Outlet malls

APN

771-09-005

APU

77109005

Description

This exceptional retail investment opportunity presents 23,259 square feet of space in the Randall Square Shopping Center, located at 4601 Northfield Rd, North Randall, OH 44128. Situated in Cuyahoga County, this multi-tenant property boasts a prime location in southeast Cleveland, conveniently positioned just north of I-80 and west of I-271, at the intersection of Northfield Road and Emery Road. The center currently has 23,239 square feet of vacant space available, offering significant potential for new tenants. Space is divisible to a minimum of 2,100 square feet, with a maximum contiguous space of 11,224 square feet. The property sits on a substantial 124,194 square foot lot. Strong anchor tenants, including Roses Discount Store, Dollar General, and Planet Fitness, provide excellent synergy and draw significant foot traffic. This presents a unique chance to acquire a well-located retail center with immediate occupancy potential and the benefit of established anchor tenants. The property is classified as retail, with multiple tenancy options. Warehouse space is also available, adding to the versatility of this investment. This property offers a compelling opportunity for investors seeking a high-traffic retail location in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $24,403,976

  6.5%

  $22,526,748

  7%

  $20,917,694

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,752,552

  Geo Method

  $21,752,552

• Alternative Use

  Use

  Valuation

  Residential

  $19,002,154

  Hospitality

  $17,405,872

  Educational

  $14,481,481

  Medical

  $14,979,521

  Retail

  $22,526,748

Location Insight

City

North Randall

County

Cuyahoga

State

Ohio

Latitude

41.4332

Longitude

-81.5243

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].