2665 Navarre Ave Oregon, OH 43616-3245
Exceptional development opportunity in Oregon, Ohio. This 19,887 square foot vacant shopping center, built in 1957, sits on a 2.3-acre lot and is listed at $1,800,000 ($90.51/sq ft). The property boasts 161 feet of frontage on Navarre Avenue, a major thoroughfare with 27,273 vehicles daily, offering excellent visibility and access. Additional access is provided via a roadway off S. Wheeling Street, which sees 11,578 vehicles daily and serves nearby businesses including Cedar Run Apartments, Chase Bank, Tim Horton's, and Arby's. The strategic location is directly across from St. Charles Hospital and near the I-280 interchange, ensuring high traffic volume and strong potential for tenant attraction. The existing multi-tenant retail building presents an opportunity for redevelopment or re-tenanting. The surrounding area demonstrates strong demographics, with 50,620 people and a $42,651 median household income within a 3-mile radius. This property offers significant potential for investors seeking a high-traffic retail location with redevelopment possibilities. The property includes land along Navarre Avenue and a potential median break to capture eastbound traffic.
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
40-C2 · Oregon, OHCosts & 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.