4240 Pearl Rd, Cleveland, OH 44109

Old Brooklyn Redevelopment Opportunity at 4240-4250 Pearl Road, Cleveland, Ohio 44109 offers a rare chance to acquire a highly visible corner redevelopment site in the heart of Cleveland’s Old Brooklyn neighborhood. Positioned at the signalized hard corner of Pearl Road and Memphis Avenue, this 1.85-acre property features an 11,623 SF former CVS building, two total structures, ample on-site parking, and outstanding frontage of approximately 300 feet on Pearl Road and 364 feet on Memphis Avenue. With more than 20,000 vehicles per day at the intersection, the site benefits from exceptional exposure and accessibility, including convenient proximity to I-480 just 1.5 miles away. The property is surrounded by established national retailers such as Walgreens, McDonald’s, and Burger King, reinforcing its strength as a neighborhood retail destination. Located within a dense trade area of more than 331,000 residents and nearly 150,000 households within five miles, this offering is well-positioned for retail repositioning, adaptive reuse, or mixed-use redevelopment. Momentum continues to build along the corridor with the nearby Memphis & Pearl mixed-use project, further enhancing long-term value and future demand.