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    FOR SALE
    Auto shops

    1851 S Broadway, Austinburg, OH 44041

    12,000 SF 3.21 ac lot Built 1985
    Individually Owned ~ Est. High Equity
    Property ID
    US66-1432525
    Property summary
    AI-generated overview

    This exceptional 3.21-acre commercial property located at 1851 S Broadway in Geneva, OH, presents a unique redevelopment opportunity. The property's strategic location near Interstate 90 offers unparalleled accessibility and high visibility. Currently, the site houses a diverse mix of established businesses, including an automotive truck service and wash facility, a commercial drive-thru store, and a saloon and bar. This presents a compelling investment opportunity for developers seeking to capitalize on the existing infrastructure and high-traffic location. The substantial acreage allows for significant expansion or redevelopment potential, catering to a wide range of commercial ventures. The existing businesses offer immediate income potential, while the land itself provides ample room for future growth and development. This is an exceptional chance to acquire a well-positioned commercial property with immediate revenue streams and significant long-term potential. The property's proximity to Interstate 90 ensures convenient access for customers and employees alike, making it an ideal location for a variety of commercial uses. Serious inquiries are encouraged to explore the possibilities this unique property offers. The asking price is $1,595,000.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1985
    Construction WOOD
    Total area 12,000 SF
    Lot 3.21 ac (139,828 SF)
    APN 22-008-00-034-03
    UPID US66-1432525
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $554k
    Blend (final) Blend
    $630k
    Owner & transaction history
    Geneva Truck Service
    Geneva Truck Service
    1 recorded transaction
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $910,000 +45.6%
    Restaurant $820,000 +31.4%
    Office building $740,000 +18.3%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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