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    7500 Detroit Ave Cleveland, OH 44102

    For Sale
    $1,300,000

    Former Burger King, 2704 SF, Drive-Thru

    Property size:
    2,704 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This vacant, freestanding retail building, formerly a Burger King, presents a unique redevelopment opportunity. Located at 7500 Detroit Ave in Cleveland, Ohio (44102), this 2,704 square foot property sits on a 1.25-acre lot and is zoned LR-K2 Limited Retail. The asking price is $1,300,000, translating to $480.77 per square foot. The property features a drive-thru, a significant advantage for future tenants. Its strategic location offers excellent visibility and accessibility, situated minutes from downtown Cleveland, Ohio City, Edgewater, and Lakewood. The surrounding area boasts a dense population, with 16,656 people within a 1-mile radius and 119,468 within a 3-mile radius. Furthermore, the property benefits from the proximity to hundreds of millions of dollars in recent and planned multifamily and retail developments. This presents a compelling investment opportunity for redevelopment or lease to a new tenant. The property is offered as a Net Net Net (NNN) lease. The building consists of one unit in one building and is currently vacant.

    Property Features for 7500 Detroit Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,704 SF
    Lot Size
    54,450 SF

    Building Details

    Buildings
    1
    Units
    1

    HighLights

    • $1.3M asking price for a redevelopment opportunity.
    • 2,704 SF freestanding former Burger King with drive‑thru on a 1.25‑acre lot.
    • LR‑K2 Limited Retail zoning.
    • High‑density area: 16,656 residents within 1 mile, 119,468 within 3 miles.
    • Excellent location near downtown Cleveland, Ohio City, Edgewater, and Lakewood.
    • Surrounded by hundreds of millions of dollars in new and planned development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7368442
    Latitude
    41.4826966

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    FAQs

    What type of property is this?
    Individual retail property - Former Burger King, 2704 SF, Drive-Thru
    Where is this individual retail property located?
    The property is located at 7500 Detroit Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: $1.3M asking price for a redevelopment opportunity.; 2,704 SF freestanding former Burger King with drive-thru on a 1.25-acre lot.; LR-K2 Limited Retail zoning.
    (216) 577-1517
    Request Owner's contact information
    7500 Detroit Ave Cleveland, OH 44102
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    Cleveland, OH 44102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7500 Detroit Ave Cleveland, OH 44102
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