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Multi-Anchor Power Shopping Center
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23100-23840 Broadway Avenue, Bedford, OH 44146

Fee-simple retail center with established anchor tenants, interstate access, and high-rise pylon signage.

Property SizeContact for details
Days on Market145

Property Features for 23100-23840 Broadway Avenue

General Information

Standard status Active
Property subtype Retail
Occupancy 93%

Site & Location

Pylon Signage Yes
Anchor Co-Tenants Sam's Club, The Tile Shop, Levin Furniture, Ollie's
Traffic Count 112,000 vehicles/day
Highway Access Yes
Road Access Yes

Additional Details

Cap Rate 8.5%

Building Details

Tenancy Multi
Listing Agency: Goodman Real Estate Services Group LLC
Listed By: Kyle Hartung · License #OH SAL.2003016343
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 8:32PM

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 Goodman Real Estate Services Group LLC

Investment Insights

Based on property information with market context.

Hawthorne Valley Shopping Center is a fee-simple regional power center with a 93.33% leased occupancy profile. Sam’s Club, The Tile Shop, Levin Furniture, and Ollie’s serve as the primary anchors. Sam’s Club has operated at the center since 1991 and has added a gas station, completed interior and exterior renovations, and renewed its lease for five years. The Tile Shop and Ollie’s each completed ten-year renewals, while Levin Furniture completed a five-year renewal.

The property is located at 23100-23840 Broadway Avenue in Bedford, Ohio, along the combined Interstate 271/480 corridor, which carries over 112,000 vehicles per day. Broadway Avenue provides direct interchange access, and high-rise highway pylon signage identifies the anchor tenants. The center draws customers from more than ten miles away, with most occupants described as regional retailers.

Key Highlights

  • 93.33% leased regional power center
  • Anchors include Sam’s Club, The Tile Shop, Levin Furniture, and Ollie’s
  • Sam’s Club has anchored the center since 1991 and added a gas station

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Parking Lot & Garage Dental Office (Bike/Boat/Book/etc) Store Grocery & Convenience Store Plumbing Service Furniture & Home Goods

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

112,000 VPD
Traffic count
93.3%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

302
Businesses Nearby
Balanced
Demand for This Use

Demographics for 44146, OH

29,778
Population
15,270
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
20.0 sq mi
ZIP Area
1,489
Density / Sq Mi
$53,049
Median Household Income
$40,808
Median Earnings
$1,000
Median Rent
$141,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Fee-simple retail center with established anchor tenants, interstate access, and high-rise pylon signage.
Where is this shopping center located?
The property is located at 23100-23840 Broadway Avenue Bedford, OH.
What are key features of this property?
This property features: 93.33% leased regional power center; Anchors include Sam’s Club, The Tile Shop, Levin Furniture, and Ollie’s; Sam’s Club has anchored the center since 1991 and added a gas station
(216) 381-8200 Call to check price and availability
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