Building Details

Tenancy Multi

Listing Agency: Russell Commercial Advisory k***@russellrealty.com Show Phone

Listed By: Kevin Russell · License #2009004557

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 3:15PM

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Investment Insights

Based on property information with market context.

The offering includes three parcels currently improved with a mechanics garage and two strip centers. There are four tenants paying month-to-month. The property is described as having a park setting due to its abutting Reese Park, with views of Lake Erie and downtown.

The site is located right off I-90 between Sperry and Lake Road, on the east side of Clague (Old Clague Road). The remarks also note proximity to Lake Erie, a city park next door, and nearby boat ramps.

A mixed-use direction is cited in the remarks, including the ability to build a mix of uses up to 70 feet high under a Mixed Use Overlay concept. This presents a development-focused opportunity for an owner occupant seeking rental income while planning future redevelopment.

Key Highlights

• Three parcels with a mechanic's garage and two strip centers
• 4 tenants on month‑to‑month terms
• Mixed‑use development potential with an ability to build up to 70 ft high

Property Analytics

Property Profile

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store

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

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

91

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 44140, OH

16,163

Population

6,311

Households

2.6

Avg Household Size

44

Median Age

66%

College-Educated

99%

High-School Grad

4.6 sq mi

ZIP Area

3,514

Density / Sq Mi

$122,083

Median Household Income

$72,342

Median Earnings

$889

Median Rent

$332,500

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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Similar Off Market Nearby

• Knight In Shining Armor Paint Correction, Ceramic Coatings & Detailing, LLC (Bay Village) - Fully Warrantied Coatings — 613 Clague Rd, Bay Village, OH 44140

Frequently Asked Questions

What type of property is this?

Auto shop - Three parcels include a mechanics garage and two strip centers with four tenants on month-to-month terms.

Where is this auto shop located?

The property is located at 601 Clague Rd Bay Village, OH.

What are key features of this property?

This property features: Three parcels with a mechanic's garage and two strip centers; 4 tenants on month‑to‑month terms; Mixed‑use development potential with an ability to build up to 70 ft high