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7109 Harvard Ave
Cleveland, OH 44105
Retail Property For Sale


Executive Summary
Marketing description
Located at 7109 Harvard Ave. in Cleveland, Ohio, this 1.15-acre former Rite Aid offers a rare opportunity for users or investors seeking a freestanding retail asset with scale, visibility, and redevelopment optionality. The 11,456 SF building sits on a signalized corner within a dense neighborhood retail corridor and is available for sale or lease.
The site benefits from strong surrounding retail, including Huntington Bank, Dave’s Market, Save-A-Lot, U.S. Bank, Little Caesars, Mr. Hero, Subway, and Roses, positioning the property as a proven retail node serving the surrounding residential base. Zoning is LR-D1 (Local Retail Business), supporting a wide range of neighborhood-serving retail, service, medical, or adaptive reuse concepts.
The property is located within an Opportunity Zone corridor, providing potential tax advantages for qualifying investors. With over 82,000 residents within three miles and more than 35,000 daytime workers, the site is well-suited for users seeking infill visibility and access, or for investors pursuing repositioning or long-term redevelopment strategies.
Located at 7109 Harvard Ave. in Cleveland, Ohio, this 1.15-acre former Rite Aid offers a rare opportunity for users or investors seeking a freestanding retail asset with scale, visibility, and redevelopment optionality. The 11,456 SF building sits on a signalized corner within a dense neighborhood retail corridor and is available for sale or lease.
The site benefits from strong surrounding retail, including Huntington Bank, Dave’s Market, Save-A-Lot, U.S. Bank, Little Caesars, Mr. Hero, Subway, and Roses, positioning the property as a proven retail node serving the surrounding residential base. Zoning is LR-D1 (Local Retail Business), supporting a wide range of neighborhood-serving retail, service, medical, or adaptive reuse concepts.
The property is located within an Opportunity Zone corridor, providing potential tax advantages for qualifying investors. With over 82,000 residents within three miles and more than 35,000 daytime workers, the site is well-suited for users seeking infill visibility and access, or for investors pursuing repositioning or long-term redevelopment strategies.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,456 SF
Building Class
C
Year Built
1997
Price
$650,000
Price Per SF
$56.74
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.15 AC
Zoning
Commercial
Parking
46 Spaces (4.02 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 133-18-001 | Improvements Assessment | $101,640 |
| Land Assessment | $157,780 | Total Assessment | $259,420 |
Property Taxes
Parcel Number
133-18-001
Land Assessment
$157,780
Improvements Assessment
$101,640
Total Assessment
$259,420
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