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    OFF-MARKET
    Drive through restaurants

    23840 Broadway Ave, Bedford, OH 44146-6026

    1,974 SF 1.55 ac lot Built 1993
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US66-1303500
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1993
    Construction TYPE NOT SPECIFIED
    Total area 1,974 SF
    Lot 1.55 ac (67,518 SF)
    Zoning code GB
    APN 795-06-019
    UPID US66-1303500
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    T Hawthorne Valley Oh LLC · 4 yrs held
    T Hawthorne Valley Oh LLC
    since 2021
    Last sale
    $24.3M
    2 recorded transactions
    2021
    $24.3M
    2003
    Zoning & alternative use
    GB · Bedford, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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