Redevelopment Opportunity Near Interstate
1851 South Broadway, Geneva, OH 44041
3.21 acres with multiple businesses near Interstate 90.
Type:Retail
Property size:
8,864 SFLot size:
3.21 AcresPrice / SF:
$169/SF- Added:
- Feb 7, 2026
- Days on Market:
- 99
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 1851 South Broadway
General Information
- Standard status
- Active
- Size
- 8,864 SF
- Lot size
- 3.21 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1985
Listing agent Rick Osborne Jr. License #OH 2010001710
Listing office KW Commercial Keller Williams Greater Cleveland NE (440) 299-5190
Listing date Feb 7, 2026
Source Crexi
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 KW Commercial Keller Williams Greater Cleveland NE
HighLights
- 3.21 acres of land suitable for redevelopment
- Excellent location near Interstate 90
- Includes multiple businesses: Automotive Truck Service and Wash, Commercial Drive‑Thru Store, and DW‑3's Saloon and Bar
- Brand new roof on garage (May 2025)
- Located on the Northwest side of Broadway (SR 534)
- Year built: 1985
Overview
This is a 3.21-acre property that presents a redevelopment opportunity. The site is located in close proximity to Interstate 90. The property includes multiple businesses for sale: an automotive truck service and wash, a commercial drive-thru store, and a saloon and bar. The garage is slated to receive a new roof in May 2025. The property is situated on the northwest side of Broadway (SR 534), just north of Interstate 90. The existing building size is 8,864 square feet.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.21M
NOI $108,783 @ 9.00% cap · cautious / downside scenario
Moderate
$1.55M
NOI $108,783 @ 7.00% cap · market / base-case scenario
Aggressive
$2.18M
NOI $108,783 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.6k | $18.00 |
| − Vacancy | −$4.1k | −$0.47 |
| EGI | $155.4k | $17.53 |
| − OpEx | −$46.6k | −$5.26 |
| NOI | $108.8k | $12.27 |
8,864 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,783 @ 7.0% cap · market cap 7.25%
Second Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,418 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,626 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Auto shops
Location Insight
- Map
- Local Demand
- City
- Geneva
- County
- Ashtabula
- State
- Ohio
- Longitude
- -80.94741
- Latitude
- 41.77454
Nearby Similar for Sale
FAQs
What type of property is this?
Retail property - 3.21 acres with multiple businesses near Interstate 90.
Where is this retail property located?
The property is located at 1851 South Broadway Geneva, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3.21 acres of land suitable for redevelopment; Excellent location near Interstate 90; Includes multiple businesses: Automotive Truck Service and Wash, Commercial Drive‑Thru Store, and DW‑3's Saloon and Bar
