Cleveland, Ohio, is an attractive location for investors seeking to purchase a shopping center, with 2 available listings. Shopping centers in Cleveland offer a unique investment opportunity, providing a diverse range of retail spaces that cater to the city's approximately 390,000 residents. These properties can represent a stable source of income, with a potential for long-term appreciation in value. Cleveland's strong economy, driven by key sectors such as healthcare, manufacturing, and financial services, creates a favorable environment for businesses to thrive. The city's amenities, including the Cleveland Clinic, University Hospitals, and MetroHealth, as well as its educational institutions, such as Case Western Reserve University and Cleveland State University, contribute to its appeal. Additionally, Cleveland's geography, situated along the southern shore of Lake Erie, provides easy access to transportation infrastructure, including Cleveland Hopkins International Airport and the Port of Cleveland. The city's attractions, such as the Rock and Roll Hall of Fame and the Cleveland Museum of Art, make it an attractive destination for tourists and locals alike.
Cleveland's shopping centers are an integral part of the city's commercial landscape, offering a range of retail options for residents and visitors. With an average price per square foot of $291 USD and an average size of 47,589 square feet, these properties present a compelling investment opportunity. In addition to shopping centers, Cleveland also offers a range of other property types, including restaurants, specialty properties, land, and office properties. For example, the city's restaurant scene is diverse, with options ranging from fine dining to casual eateries. Specialty properties, such as those in the healthcare sector, are also available, offering a unique investment opportunity. Land and office properties are also available, providing investors with a range of options to suit their needs. Overall, Cleveland's shopping centers and other property types offer a unique investment opportunity, with the potential for long-term appreciation in value and a stable source of income.
What is the average cap rate for shopping centers in Cleveland?
The average cap rate for shopping centers in Cleveland is 7.26%, making it an attractive investment opportunity for those looking to capitalize on the city's diverse economy and strong consumer base.
