Highland Plaza - Stabilized Mixed Use with Upside
For sale to qualified investors is the 100% fee-simple interest in Highland Plaza, a stabilized mixed-use building with upside in Cleveland’s eastern suburbs. Located at the busy intersection of Wilson Mills and Bishop Road in Highland Heights, Ohio, the property is currently 80% leased to quality regional and local tenants, many of which have been tenants for many years and have recently renewed. The building presents an investor with a unique opportunity to acquire a stable investment with ability to add additional income through lease-up of vacant space. With mostly retail on the ground level and offices above, the property has an excellent mix of retail, restaurant, and service tenants. These include Zeppe’s Pizza, Biagio’s Deli, McNulty Roofing, Fast Tract Title Services, hair salon, nail salon, watch repair, and others. For years, the location has allowed tenant to service a wide geographic area including Highland Heights, Richmond Heights, Mayfield Heights, South Euclid, and others. Additionally, 1.2 acres of land is also available for an additional $45,000 adjacent to the property, allowing an investor room for future expansion or other development. Within close proximity to the site are many national retailers including Walgreens, CVS, Regal Cinemas, Fitworks, Kohl’s, Home Depot, Chipotle, Dave’s Grocery Store, and many others.