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36901 American Way Avon, OH

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For Sale
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Two adjacent condos leased to Buckeye Bank and R.A.B. Financial.

Type:RETAIL
Lot size:
0.47 Acres
Added:
Aug 5, 2025
Days on Market:
241
Last Refresh:
Apr 1 at 9:31 pm

Property Features for 36901 American Way

General Information

Standard status
Active
Lot size
0.47 Acres
Property subtype
RETAIL

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Listing Contact
Kyle Hartung
Kyle Hartung

Listing agent Kyle Hartung License #SAL.2003016343

Listing office Goodman Real Estate

Listing date Aug 5, 2025

Source Moodyscre

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


Overview

Profitable Investment Opportunity in Avon

Two adjacent condos are available for sale, currently under long-term leases to Buckeye Community Bank headquarters and R.A.B. Financial. Situated in Avon, Ohio, the location benefits from its proximity to Interstate 90, attracting businesses aiming to serve a broad geographic area encompassing Lorain and Cuyahoga Counties. Buckeye Bank has over 8 years remaining on its base term, while R.A.B. Financial has 4 years. Both tenants have annual rental increases incorporated into their leases, with CPI and 3% respectively, providing a growing return on investment. The lease structure requires tenants to reimburse for common area maintenance, real estate taxes, and insurance, making it a hands-off investment. Tenants are also responsible for interior space and HVAC repairs and replacements. The complex, known as 'American Way,' is located one block east of Interstate 90 and houses various well-known tenants, including Buckeye Bank Headquarters, RAB Financial, Cleveland Eye Clinic, Cleveland Clinic Family Health Center, Weston Dental, and Lake Erie Crushers.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Cleveland Clinic - Family ... Medical Clinic Cleveland Clinic - Family ... Medical Clinic Cleveland Clinic - Medical ... Medical Clinic Chris Tomshack Alternative Medicine Practice Avon Pointe Professional ... Dental Office

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Avon
County
Lorain
State
Ohio
Longitude
-82.0299
Latitude
41.4655

FAQs

What type of property is this?
Bank - Two adjacent condos leased to Buckeye Bank and R.A.B. Financial.
Where is this bank located?
The property is located at 36901 American Way Avon, OH.
What is the asking price?
The asking price for this property is $1,668,000.
What are key features of this property?
This property features: High 8.15% Cap Rate, increasing annually; Long‑term leases in place with established tenants: Buckeye Community Bank (8+ years remaining) and R.A.B. Financial (4 years remaining); Annual rental increases built into both leases: CPI and 3%, respectively
(216) 381-8200 Call to check price and availability
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