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    56 Broadway Rd Geneva, OH 44041

    Sponsored
    For Sale
    $220,000

    Prime Retail Space, Two Locations

    Property size:
    1,820 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional offering presents two thriving retail locations in Geneva and Geneva-on-the-Lake, Ohio. The Downtown Geneva property, situated in a revitalized historic district, boasts 1,820 square feet of space within a vibrant retail area. Its strategic location benefits from the nearby Grand River Wine Region, SPIRE Institute, and the constant flow of visitors to Geneva-on-the-Lake, Ohio's oldest summer resort. The second location, on Main Street in Geneva-on-the-Lake, capitalizes on the bustling tourist traffic and scenic Lake Erie views. This property also benefits from the ongoing revitalization of this historic lakeside community, offering unparalleled visibility and foot traffic. Both locations are supported by favorable lease terms. This turnkey opportunity includes existing inventory, established vendor relationships, a loyal customer base, and comprehensive training. The business, operating successfully for over 14 years, offers a diverse product range including healthy lifestyle supplements, reasonably priced clothing, and food items. The sale also encompasses all office equipment, computer systems, software, and the established online sales platform. This is a rare chance to acquire two established, profitable retail businesses in prime Ashtabula County locations. The asking price for this combined opportunity is $220,000.

    Property Features for 56 Broadway Rd

    General Information

    Property type
    Land
    Square Feet
    1,820 SF

    HighLights

    • Two thriving retail locations in Geneva and Geneva‑on‑the‑Lake, Ohio.
    • Downtown Geneva location: 1,820 sq ft in revitalized historic district, near Grand River Wine Region and SPIRE Institute.
    • Geneva‑on‑the‑Lake location: Main Street, high tourist traffic, Lake Erie views.
    • Favorable lease terms.
    • Turnkey operation includes inventory, vendor relationships, customer base, and training.
    • Established business (14+ years), diverse product line (supplements, clothing, food).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Geneva
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.9481036
    Latitude
    41.8044143

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    FAQs

    What type of property is this?
    Land - Prime Retail Space, Two Locations
    Where is this land located?
    The property is located at 56 Broadway Rd Geneva, OH.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: Two thriving retail locations in Geneva and Geneva-on-the-Lake, Ohio.; Downtown Geneva location: 1,820 sq ft in revitalized historic district, near Grand River Wine Region and SPIRE Institute.; Geneva-on-the-Lake location: Main Street, high tourist traffic, Lake Erie views.
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    56 Broadway Rd Geneva, OH 44041
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    Geneva, OH 44041
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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
    56 Broadway Rd Geneva, OH 44041
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