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    23840 Broadway Ave Bedford, OH 44146-6026
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    Property profile & analytics

    23840 Broadway Ave Bedford, OH 44146-6026


    • Drive through restaurants
    • 1,974 SF
    • 1.55 lot acres
    Off-Market
    Last Sale Oct 21, 2021
    $24,250,000
    Property ID
    US66-1303500
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 23840 Broadway Ave

    Year built
    1993
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.55 lot acres
    Property size
    1,974 SF
    Zone code
    GB
    Property type
    Drive through restaurants
    APN
    795-06-019
    APU
    79506019

    Description

    This 1,974 square foot restaurant building sits on a 1.55-acre outparcel in the Hawthorne Valley Power Center in Bedford, Ohio (44146), a high-traffic location with excellent visibility. The property is currently vacant and available for sale at $800,000 ($405.27/SF), lease, or ground lease. The center boasts strong co-tenancy with national retailers including Sam's Club, Levin Furniture, Ollie's, The Tile Shop, Woodcraft, and Wendy's, among others. Nearby food establishments include McDonald's and Dunkin'. This Class B property benefits from a dense population base: within a 5-mile radius, there are 128,585 people with an average household income of $81,356. High traffic counts are a key advantage, with 15,682 vehicles per day (VPD) passing the property and easy access to I-271 (113,466 VPD, per ODOT TIMS). The center's super-regional draw is further enhanced by its position as the only Sam's Club, Ollie's, and Levin Furniture within a 10-mile radius. This presents a unique redevelopment opportunity in a prime retail location. The property is situated at 23840 Broadway Ave, Bedford, Cuyahoga County, Ohio.


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    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5098
    Latitude
    41.366
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,244
    $212,700
    $52,220
    $264,920
    -
    $607,700
    $149,200
    $756,900
    More about this property
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