Retail Storefront with Liquor
For Sale
Contact for pricing
2218 Broadview Rd, Cleveland, OH 44109
For sale retail storefront with current liquor license availability.
Property Size5,173 SF
Price / SF$131.45
Days on Market247
Property Features for 2218 Broadview Rd
General Information
Standard status
Active
Size
5,173 SF
Property subtype
RETAIL
Site & Location
Neighborhood
South Brooklyn
Listing Agency:
Hanna Commercial Real Estate | Cleveland
(216) 861-7200
Listed By:
John Lubinski · License #2019006622
(330) 958-7291
Source:
Moodyscre
Added: Feb 23
Changed: Oct 26
Last Checked: Oct 28 at 11:53AM
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 Hanna Commercial Real Estate | Cleveland
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Investment Insights
Based on property information with market context.
This for-sale retail storefront property is offered with a current liquor license available, supporting uses that require alcohol service. The offering is categorized as storefront/retail space, sized at 5,173 square feet.
The property is located at 2218 Broadview Rd in Cleveland, Ohio 44109. Its commercial configuration is presented as a retail storefront space, and the availability of the liquor license is a primary component of the transaction.
For details on the license availability and how it may apply to an operator’s intended use, prospective buyers should review the offering materials and coordinate directly for next steps.
The property is located at 2218 Broadview Rd in Cleveland, Ohio 44109. Its commercial configuration is presented as a retail storefront space, and the availability of the liquor license is a primary component of the transaction.
For details on the license availability and how it may apply to an operator’s intended use, prospective buyers should review the offering materials and coordinate directly for next steps.
Key Highlights
- Retail storefront for sale with current liquor license availability
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,700
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,000
$994.0K
Cap Rate 7%
$710,000
$710.0K
Cap Rate 9%
$552,222
$552.2K
Market Conditions
NOI Build-Up for 5,173 SF
Gross rent
$77.6K $15.00/SF
− Vacancy
−$6.6K −$1.28/SF
EGI
$71.0K $13.73/SF
− OpEx
−$21.3K −$4.12/SF
NOI
$49.7K $9.61/SF
Area
Cleveland, OH
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,000
Cap Rate 7%
$710,000
Cap Rate 9%
$552,222
Alternative Uses
Best Use
Retail
$710.0K
$621.3K – $828.3K
NOI $49,700 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,366 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44109, OH
39,121
Population
19,588
Households
2
Avg Household Size
36
Median Age
17%
College-Educated
81%
High-School Grad
7.1 sq mi
ZIP Area
5,510
Density / Sq Mi
$43,130
Median Household Income
$34,050
Median Earnings
$861
Median Rent
$112,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Cleveland, OH
Similar Off Market Nearby
- Busch Flower Shop — 4334 Pearl Rd, Cleveland, OH 44109
Frequently Asked Questions
What type of property is this?
Storefront property - For sale retail storefront with current liquor license availability.
Where is this storefront property located?
The property is located at 2218 Broadview Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Retail storefront for sale with current liquor license availability
