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4179 Pearl Rd 17,800 SF 100% Leased Retail Building Cleveland, OH 44109 $800,000 ($44.94/SF)
Investment Highlights
- Cornerstone Location – Prime 17,800 SF mixed-use building at Pearl Rd & Broadview, the gateway to Old Brooklyn’s revitalization
- Value-Add Potential – Currently occupied with short-term leases, offering strong upside for investors or owner-users.
- Growth Momentum – Surrounded by new apartments, MetroHealth’s $1B transformation project, and city-backed transit expansion.
Executive Summary
Prime Cornerstone of Old Brooklyn
• Iconic corner property at Pearl Rd & Broadview—high visibility, high traffic.
• Over 17,000 SF mixed-use retail/office space on a 9,263 SF lot.
• Functional retail on the first floor with office/creative space above—perfect for repositioning.
Unmatched Location Advantage
• Across the street from brand-new apartments under development—instant built-in customer base.
• Located in the heart of Old Brooklyn, a thriving and historic neighborhood seeing a wave of revitalization.
• Just minutes from downtown Cleveland with direct public transit planned along Pearl Rd, linking the property straight into downtown.
Surrounding Growth & Investment
• MetroHealth’s Transformation Project nearby is pumping millions into the area, catalyzing growth.
• Active community groups advocating for new business development and neighborhood investment.
• Surge of private + city investment targeting this corridor—momentum is undeniable.
Opportunity Snapshot
• Currently ~60% occupied with flexible, short-term leases.
• Below stabilized occupancy = upside potential for savvy investors.
• Mixed-use zoning, functional design, and strong tenant appeal position this as an ideal value-add play.
• Iconic corner property at Pearl Rd & Broadview—high visibility, high traffic.
• Over 17,000 SF mixed-use retail/office space on a 9,263 SF lot.
• Functional retail on the first floor with office/creative space above—perfect for repositioning.
Unmatched Location Advantage
• Across the street from brand-new apartments under development—instant built-in customer base.
• Located in the heart of Old Brooklyn, a thriving and historic neighborhood seeing a wave of revitalization.
• Just minutes from downtown Cleveland with direct public transit planned along Pearl Rd, linking the property straight into downtown.
Surrounding Growth & Investment
• MetroHealth’s Transformation Project nearby is pumping millions into the area, catalyzing growth.
• Active community groups advocating for new business development and neighborhood investment.
• Surge of private + city investment targeting this corridor—momentum is undeniable.
Opportunity Snapshot
• Currently ~60% occupied with flexible, short-term leases.
• Below stabilized occupancy = upside potential for savvy investors.
• Mixed-use zoning, functional design, and strong tenant appeal position this as an ideal value-add play.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,800 SF
Building Class
C
Year Built/Renovated
1930/2020
Price
$800,000
Price Per SF
$44.94
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.95
Lot Size
0.21 AC
Zoning
Commercial
Frontage
Amenities
- Bus Line
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 014-18-007 | Improvements Assessment | $75,705 |
| Land Assessment | $16,205 | Total Assessment | $91,910 |
Property Taxes
Parcel Number
014-18-007
Land Assessment
$16,205
Improvements Assessment
$75,705
Total Assessment
$91,910
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Pav Properties
4179 Pearl Rd
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