www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31246257
31246258

13520 Euclid Ave, East Cleveland, OH 44112

AK
OH OH SAL.2014001626, NY NY 10401309297
Anchor Retail
JD
OH OH SAL2021003195
Anchor Retail
CM
OH SAL.2001022994
Anchor Retail
Listed by Anchor Retail
$3,400,000
78 days on market
Updated 1 day ago

Forest Hills Shopping Center

Details
APN 811-23-001
Property Type Retail
Sub Type Shopping Center
Square Footage 66,515
Cap Rate 10.69%
NOI $363,517
Occupancy 67%
Tenancy Multi
Lease Type NN+
Price per SqFt $51
Class C
Year Built 1981
Acreage 5.610
Zoning Commercial
Ownership Fee Simple

65%+ Leased Value-Add Neighborhood Retail Center

Marketing description

Anchor Retail is proud to exclusively offer for sale Forest Hills Shopping Center. It is a high-visibility neighborhood center strategically positioned at the heavily-traveled signalized intersection of Euclid Avenue and Superior Avenue in East Cleveland. The property offers over 66,000 square feet of single-story retail on four (4) acres with abundant front and rear parking, multiple access points, and new signage, creating a convenient and highly accessible shopping environment. The center draws consistent traffic from a dense urban trade area of more than 140,000 residents within three (3) miles, and benefits from a strong mix of national, regional, and local tenants serving everyday needs. Located just minutes from University Circle, the Cleveland Clinic Main Campus, University Hospitals, and Forest Hill Park, the asset is well-positioned to capture both neighborhood shoppers and substantial commuter and visitor flows. With meaningful upside from existing vacancy, excellent transit access via on-site bus stops and proximity to the RTA Superior Rapid Station, and continued institutional investment in Greater Cleveland’s east side employment and cultural hub, Forest Hills Shopping Center offers compelling long-term growth potential.

Investment highlights

  • 66,515 SF Neighborhood strip center

  • Offered at $51.12/SF, well below replacement cost

  • 33% Vacancy (21,800 SF) creates immediate upside

  • Major urban corridor location near University Circle

  • Demographic Density: 300K+ within 5 miles

Listing Contacts

AK
OH OH SAL.2014001626, NY NY 10401309297
Anchor Retail
JD
OH OH SAL2021003195
Anchor Retail
CM
OH SAL.2001022994
Anchor Retail
Listed by Anchor Retail

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$363,517.00
$30,293.08/mo

Valuation Metrics

0
DSCR
10.69%
Cap Rate
10.69%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Arthur Kaplan
License
OH SAL.2014001626
Brokerage
Anchor Retail
Title
Real Estate Broker
Name
Jimmy DiFonzo
License
OH SAL2021003195
Brokerage
Jimmy DiFonzo
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591