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    871 Broadway Ave Bedford, OH 44146

    Sponsored
    For Sale
    $175,000

    Established Dry Cleaners, Huge Potential

    Property size:
    6,544 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use commercial property in Bedford, Ohio presents a unique investment opportunity. The 6,544 square foot building, constructed in 1949, sits on a 0.27-acre lot and is zoned B-2. Currently operating as a thriving dry cleaning, laundry, and alterations business, the property boasts 100% occupancy and offers significant potential for expansion. The building features a 15-foot ceiling height, one story, and a convenient 10' x 10' overhead garage door allowing for vehicle access. There is existing parking for 3-4 vehicles, with potential for additional interior parking or storage. The current owner, retiring after 30 years in business (21 years at this location), has two finished office spaces and a customer alteration room. The business generates a net monthly income of approximately $8,000 to $12,000, serving approximately 6,000 customers. This turnkey operation offers a strong foundation for a new owner, with opportunities to increase revenue streams by expanding services. The asking price for the property is $175,000 ($26.74/sq ft). The APN is 813-19-010. This is an owner/user investment opportunity. Serious inquiries only, please do not disturb employees.

    Property Features for 871 Broadway Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,544 SF
    Class
    C
    Lot Size
    11,761 SF

    Building Details

    Year Built
    1949
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Owner retiring after 30 years in business, 21 years at this Bedford location.
    • Two employees included in sale.
    • Strong net income: $8,000 - $12,000 monthly, serving 6,000 customers.
    • Turnkey operation; ideal for an entrepreneur.
    • Established family‑owned business with potential for expansion and added revenue streams.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5306504
    Latitude
    41.3879116

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    FAQs

    What type of property is this?
    Individual retail property - Established Dry Cleaners, Huge Potential
    Where is this individual retail property located?
    The property is located at 871 Broadway Ave Bedford, OH.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Owner retiring after 30 years in business, 21 years at this Bedford location.; Two employees included in sale.; Strong net income: $8,000 - $12,000 monthly, serving 6,000 customers.
    Request Owner's contact information
    871 Broadway Ave Bedford, OH 44146
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    Bedford, OH 44146
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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
    871 Broadway Ave Bedford, OH 44146
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