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Modern Retail Opportunity in Broadview
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1055 W Royalton Rd, Broadview Heights, OH 44147

Move-in-ready and shell space available in Broadview Heights, OH.

Property Size4,550 SF
Days on Market1339

Property Features for 1055 W Royalton Rd

General Information

Standard status Active
Size 4,550 SF
Property subtype Retail

Building Details

Year Built 2018
Listing Agency: Colliers - Columbus, Ohio
Listed By: Gilli Zofan · License #OH #2017000450
Source: Crexi
Added: Dec 1, 2022 Changed: Jul 6 Last Checked: Jul 30 at 10:38AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Columbus, Ohio

Investment Insights

Based on property information with market context.

This modern 4,550 square foot building, constructed in 2018, presents a prime retail opportunity in Broadview Heights, Ohio. One 2,275 square foot suite is move-in-ready medical space, previously used as an Urgent Care facility. The other 2,275 square foot suite is a shell space suitable for a variety of uses. Located in the premier retail area of Broadview Heights, a suburb of the Cleveland Metropolitan area, the property benefits from high traffic counts of over 31,700 vehicles per day on West Royalton Road and offers excellent visibility from the road. A double-sided two-tenant monument sign enhances the property's visibility. This location is ideal for various end users or investors seeking a value-add opportunity.

Key Highlights

  • Prime retail location in Broadview Heights, OH
  • High traffic counts of 31,700 VPD on W Royalton Road
  • Modern building constructed in 2018

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop (Bike/Boat/Book/etc) Store Storage Facility Electrical Service Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

385
Businesses Nearby

Demographics for 44147, OH

19,872
Population
8,841
Households
2.2
Avg Household Size
43
Median Age
54%
College-Educated
98%
High-School Grad
13.0 sq mi
ZIP Area
1,529
Density / Sq Mi
$99,431
Median Household Income
$64,624
Median Earnings
$1,075
Median Rent
$292,500
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Move-in-ready and shell space available in Broadview Heights, OH.
Where is this retail space located?
The property is located at 1055 W Royalton Rd Broadview Heights, OH.
What are key features of this property?
This property features: Prime retail location in Broadview Heights, OH; High traffic counts of 31,700 VPD on W Royalton Road; Modern building constructed in 2018
(614) 436-9800 Call to check price and availability
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