Rare Anchor Big Box Shadow Anchored by Pavilion… — Sale in Beachwood, OH

  • Price: $3.5M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Beachwood, OH 44122

Photos

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Description

$400,000 Price Reduction! • 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

Market Context

This retail in Beachwood, OH is listed for sale at $3,450,000. Compare it against other retail listings for sale in Beachwood, OH — view the full market.

As of Q1 2026, the Cleveland retail market showed a 5.1% vacancy rate, average asking rents near $16.10/SF/yr, rents up 0.7% year over year, and cap rates around 8.8%. Source: Matthews Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Cleveland?
About 8.8% as of Q1 2026, per Matthews.
Is the Cleveland retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q1 2026).

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