8459 Mayfield Road — Sale in Chesterland, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chesterland, OH 44026
  • Size: 3,933 SF

Photos

8459 Mayfield Road — Sale in Chesterland, OH, photo 1 of 1

Description

This 3.15-acre site offers flexible multi-pad development opportunities ideal for retail, restaurant, or service users. Featuring approximately 270 feet of frontage along Mayfield Road, the property includes a 3,933 SF freestanding former quick-service restaurant with a drive-thru, fully equipped with restaurant FF&E including hoods, coolers, and freezers. Conveniently located just off the corner of Mayfield Road and Chillicothe Road (Route 306), which sees over 24,000 vehicles per day, the site is positioned within a strong trade area boasting an average household income of more than $160,000 within a five-mile radius.

Market Context

This retail in Chesterland, OH is listed for sale across 3,933 SF. Compare it against other retail listings for sale in Chesterland, OH — view the full market.

As of Q1 2026, the Cleveland retail market showed a 5.1% vacancy rate, average asking rents near $16.10/SF/yr, rents up 0.7% year over year, and cap rates around 8.8%. Source: Matthews Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Cleveland?
About 8.8% as of Q1 2026, per Matthews.
Is the Cleveland retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q1 2026).

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