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OFF-MARKET
Mixed-use properties

631-641 Broadway Ave Bedford, OH 44146

0.31 ac lot
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property, located at 631-641 Broadway Avenue in Bedford, Ohio, presents a unique investment opportunity. The 0.31-acre lot features two well-maintained buildings offering a blend of commercial and residential spaces. The ground level boasts eight versatile retail/office spaces of varying sizes, each equipped with private restrooms and hand sinks. Many of these spaces have been occupied by physicians for an extended period. The second level comprises eight turnkey residential apartments – seven one-bedroom units and one efficiency apartment. Five apartments are currently rented, two are ready for immediate rental, and one is used for storage. These desirable units feature skylights and spacious, well-lit floor plans. A full basement offers significant potential for expansion, additional storage, or other uses. The property benefits from a private parking lot and ample city parking, situated within the Bedford Historical District. Its prime location along Broadway and Columbus Avenues ensures high visibility and traffic. The property's proximity to hospitals, shopping centers, restaurants, parks, freeways, banking institutions, and auto services further enhances its appeal. This property is ideal for owner-occupancy, with the option to maintain an office space, or as a purely investment-focused acquisition. Professional management and maintenance services are available for out-of-area investors. The asking price is $675,000.

Property profile
Verified
Property type Mixed-use properties
Lot 0.31 ac (13,504 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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