Automotive Dealership with Secured
424 Broadway Avenue, Bedford, OH 44146
For Sale
$1,650,000
Well-equipped dealership setup with high-visibility frontage, digital signage, and a fenced, secured vehicle lot.
Property Size15,084 SF
Price / SF$109.39
Days on Market151
Property Features for 424 Broadway Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Fenced Yard
Listing Agency:
CBRE | Cleveland
Listed By:
Kevin Moss · License #SAL.2015001299
(216) 363-6453
Source:
Cbre
Added: Jun 12
Changed: Nov 9
Last Checked: Nov 8 at 3:03AM
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 CBRE | Cleveland
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully equipped automotive dealership is positioned for move-in readiness, built around a dedicated vehicle sales operation. The site includes digital signage for visibility, a covered LED parking area, and a fully fenced and secured lot. On-site improvements support day-to-day operations, including a wash bay for vehicle cleaning and a professional photography booth for vehicle imaging.
The property benefits from high-traffic Bedford Auto Mile frontage, placing the business along a long-recognized auto sales corridor. With prominent street visibility and signage, the site is designed to attract prospective buyers as they pass through the area.
For an established dealer, franchise, or independent operator looking to take over an operationally complete location, the combination of secured outdoor storage, vehicle wash capabilities, and in-house imaging setup can reduce the friction of standing up a sales workflow. The covered parking and move-in ready condition also support continuity from the first day of operations.
The property benefits from high-traffic Bedford Auto Mile frontage, placing the business along a long-recognized auto sales corridor. With prominent street visibility and signage, the site is designed to attract prospective buyers as they pass through the area.
For an established dealer, franchise, or independent operator looking to take over an operationally complete location, the combination of secured outdoor storage, vehicle wash capabilities, and in-house imaging setup can reduce the friction of standing up a sales workflow. The covered parking and move-in ready condition also support continuity from the first day of operations.
Key Highlights
- High‑traffic Bedford Auto Mile frontage with high‑visibility dealership setup
- Digital signage for visibility
- Covered LED parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,128
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,882,560
$2.9M
Cap Rate 7%
$2,058,971
$2.1M
Cap Rate 9%
$1,601,422
$1.6M
Market Conditions
NOI Build-Up for 15,084 SF
Gross rent
$226.3K $15.00/SF
− Vacancy
−$20.4K −$1.35/SF
EGI
$205.9K $13.65/SF
− OpEx
−$61.8K −$4.10/SF
NOI
$144.1K $9.56/SF
Area
Cuyahoga County, OH
Vacancy
9.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,882,560
Cap Rate 7%
$2,058,971
Cap Rate 9%
$1,601,422
Alternative Uses
Best Use
Retail
$2.06M
$1.80M – $2.40M
NOI $144,128 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,140 @ 7.0% cap · market cap 11.89%
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
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Nature Stone Flooring — 15 N Park St, Bedford, OH 44146
Frequently Asked Questions
What type of property is this?
Showroom - Well-equipped dealership setup with high-visibility frontage, digital signage, and a fenced, secured vehicle lot.
Where is this showroom located?
The property is located at 424 Broadway Avenue Bedford, OH.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: High‑traffic Bedford Auto Mile frontage with high‑visibility dealership setup; Digital signage for visibility; Covered LED parking
