24001-24601 Chagrin Blvd | Beachwood, OH 44122
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24001-24601 Chagrin Blvd
Beachwood, OH 44122
Pavilion Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- GROCERY ANCHORED COMMUNITY CENTER WITH STRONG GROCER SALES + RECENT RENOVATION - Pavilion Shopping Center is anchored by Giant Eagle
- PRIME LOCATION ALONG CHAGRIN BLVD (32,000 VPD) – MAIN AND MAIN OF EASTERN CLEVELAND SUBURBS – DOMINANT RETAIL CORRIDOR – NEARLY 18 ACRE LAND SITE
- STRONG RECENT LEASING MOMENTUM | BRAND NEW 10-YEAR ROSS DRESS FOR LESS
- GIANT EAGLE ANCHORED – MARKET DOMINANT GROCER – RECENTLY RENOVATED – SIGNIFICANT TENANT INVESTMENT – STRONG SALES (~$36.1M – $561 PSF)
- HEAVILY TRAFFICKED TENANCY | 2.1M+ ANNUAL VISITS (PLACER.AI)
- ~70% OF RENTAL REVENUE COMPRISED FROM GIANT EAGLE, ROSS DRESS FOR LESS, BIG LOTS, MICHAELS, AND PETCO
PROPERTY FACTS
Property Type
Retail
Property Subtype
Supermarket
Building Size
207,903 SF
Building Class
B
Year Built/Renovated
1975/1993
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
17.80 AC
Zoning
U-4A
Frontage
1,507’ on Chagrin Blvd
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $7,279,475 | |
| Land Assessment | $4,487,770 | Total Assessment | $11,767,245 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,487,770
Improvements Assessment
$7,279,475
Total Assessment
$11,767,245
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