Price Reduced! 40,700 SF Rare Anchor Big Box on 3.21 Acres
$400,000 Price Reduction!
Marketing description
Ceiling heights:
South wall: The bottom of joist is approximately 17'-11", and bottom of deck is approx. 19'-8 3/4" (south is the front of the store facing Chagrin). North wall: The bottom of joist is 16'-3", and 18' to the bottom of the deck (north is the rear of the store) - the roof slopes from front to back (building has internal roof drains).
Zoned: U-4A integrated Business
Permitted uses include general retail, hotel, multifamily with ground floor retail, childcare, fitness and more
The property is subject to the Pavilion CCR's and would require consent from the neighboring owner
PPN: 74215035 (Cuyahoga County)
The site is located in the heart of the Beachwood MSA, the market features:
Retail: High-end retail, featuring Ohio's only Saks, Cleveland's only Nordstrom, Restoration Hardware Mansion, Tiffany, Apple, Whole Foods, Warby Parker and many more
Office: Over 5m SF office space with 6 Fortune 500 Companies in the east side office district
Medical: Minutes from University Hospital Ahuja hospital, which underwent a $236m expansion in '24
Hotels: Over 15 hotels with over 2,000 keys
Investment highlights
40,700 SF former Steinmart on 3.21 acres of land
Rare anchor store box purchase opportunity in one of the best retail and demographic markets in Northern Ohio
Value Add: future potential outlot opportunity
Join Giant Eagle, Ross Dress for Less, Petco, Michaels and more, shadow anchored by Pavilion Shopping Center (one of Beachwood's most established power centers)
High traffic counts of 25,800 VPD on Chagrin Blvd (source ODOT TIMS)
Loading: 2 recessed truck wells
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