23840 Broadway Ave, Bedford, OH 44146-6026
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GB · Bedford, OHBedford. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.