Maybel Plaza

For sale to qualified investors is Maybel Plaza, a well-located, generationally-owned, retail strip center on one of Cleveland’s most well-known commercial streets – Mayfield Road. The property is currently 100% leased and is underwritten to 95% occupancy, providing an investor with an immediate 5% bonus cash flow and attractive pricing of only $116 per square foot. The property features an attractive all-brick façade, multiple points of access on both Mayfield and Belvoir roads, and is located at a signalized intersection. Additionally, Resource Alliance Homecare is located in a separate 1,500-square-foot prominent multi-tenant building as an outlot to the main retail building. The intersection sees over 35,000 vehicles per day. Rental rates range from $9-$19 per square foot and the property features a monument sign with panels for each tenant. The property is located in South Euclid, Ohio, which is an eastern suburb of Cleveland and has over 289,000 people living in just 5 miles of the site. Mayfield Road has long been known as the main shopping and business area serving all of Cleveland’s eastern suburbs and it is common for every national, regional, and local retailer to have a presence somewhere on this road.