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22800-22840 Lake Shore Blvd
Euclid, OH 44123
Lakeshore Plaza · Retail Property For Sale
Investment Highlights
- Grocery-anchored neighborhood center with longstanding Marc’s location (26+ years)
- 85,577 SF Community retail asset positioned along primary Lakeshore Boulevard corridor
- Scheduled rental increases across multiple leases
- Attractive 7%+ going-in Cap Rate with lease upside
- Strong credit and service-oriented tenancy including national bank and wireless operators
- Infill location serving dense residential base along Lake Erie shoreline
Executive Summary
Anchor Retail is proud to exclusively present for sale Lakeshore Plaza, a grocery-anchored neighborhood center with strong visibility at the high-tra?c, signalized intersection
of Lakeshore Boulevard and East 228th street in Euclid, Ohio. The property features an attractive facade, generous parking, and multiple access points, creating an easy and
convenient shopping experience for daily needs. Anchored by high-performing Marc’s along with national brands such as Chase Bank, Metro by T-Mobile, and Marco’s Pizza,
the center benefits from durable tra?c and diversified tenancy. Positioned within a dense residential trade area and near major employment drivers including the new Amazon
Fulfillment Center, Lakeshore Plaza is poised to capture ongoing growth in both household and daytime populations. The asset further benefits from significant public and
private investment in Euclid’s lakefront, including new trails and connectivity enhancements between Downtown Euclid, Sims Park, and the Lake Erie waterfront, strengthening
long-term demand for well-located retail at this corridor.
of Lakeshore Boulevard and East 228th street in Euclid, Ohio. The property features an attractive facade, generous parking, and multiple access points, creating an easy and
convenient shopping experience for daily needs. Anchored by high-performing Marc’s along with national brands such as Chase Bank, Metro by T-Mobile, and Marco’s Pizza,
the center benefits from durable tra?c and diversified tenancy. Positioned within a dense residential trade area and near major employment drivers including the new Amazon
Fulfillment Center, Lakeshore Plaza is poised to capture ongoing growth in both household and daytime populations. The asset further benefits from significant public and
private investment in Euclid’s lakefront, including new trails and connectivity enhancements between Downtown Euclid, Sims Park, and the Lake Erie waterfront, strengthening
long-term demand for well-located retail at this corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
85,319 SF
Building Class
C
Year Built
1952
Price
$7,500,000
Price Per SF
$87.91
Cap Rate
7.28%
NOI
$546,000
Percent Leased
88%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.31
Lot Size
6.34 AC
Parking
300 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,238,685 | |
| Land Assessment | $386,610 | Total Assessment | $1,625,295 |
Property Taxes
Parcel Numbers
Land Assessment
$386,610
Improvements Assessment
$1,238,685
Total Assessment
$1,625,295
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