Forest Hills Shopping Center

Anchor Retail is pleased to exclusively present Forest Hills Shopping Center, a high-visibility neighborhood retail center located at the signalized intersection of Euclid Avenue and Superior Avenue in East Cleveland. The property spans over 66,000 square feet of single-story retail across four acres, offering ample front and rear parking, multiple access points, and new signage that enhances accessibility and tenant exposure. Positioned within a dense urban trade area of more than 140,000 residents within a three-mile radius, the center benefits from consistent foot traffic and a diverse mix of national, regional, and local tenants catering to daily consumer needs. Its proximity to major demand drivers such as University Circle, Cleveland Clinic Main Campus, University Hospitals, and Forest Hill Park further strengthens its appeal by attracting both neighborhood shoppers and commuter traffic. With approximately 33% vacancy, the asset presents immediate value-add potential, complemented by strong transit connectivity including on-site bus stops and access to the nearby RTA Superior Rapid Station. Offered at $51.12 per square foot—well below replacement cost—this 66,515 SF retail center represents a compelling investment opportunity with long-term growth potential in one of Greater Cleveland’s key urban corridors, supported by a population exceeding 300,000 within a five-mile radius.