7500 Detroit Ave Cleveland, OH 44102
- Retail properties
- 2,704 SF
- 1.25 lot acres
Current Use by Public Records
- Retail properties
Property Details for 7500 Detroit Ave
- Lot size
- 1.25 lot acres
- Property size
- 2,704 SF
- Property type
- Retail properties
- Property subtype
- Freestanding property
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.7368
- Latitude
- 41.4827
