675 Broadway Ave Bedford, OH 44146-3616
- Retail space
- 5,600 SF
- 0.28 lot acres
Aug 08, 2024
Current Use by Public Records
- Retail space
Property Details for 675 Broadway Ave
- Year built
- 1930
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.28 lot acres
- Property size
- 5,600 SF
- Zone code
- H-D
- Property type
- Retail space
- APN
- 812-13-040
- APU
- 81213040
Description
This exceptional investment opportunity presents a fully occupied, 10,871 square foot, single-story retail building situated in Bedford, Ohio's historic downtown. The property, located at 675 Broadway Avenue (APN 81213040), boasts a prime location within a walkable commercial district, offering convenient access to major highways and ample parking. Constructed in 1930, this all-brick, Class B building features five distinct tenant spaces: Jackson Hewitt, Fairfellow Realty, Lyrix Barber Shop, Vinyl Groove, and A Nu Tatt2 Professional Tattooing. The property sits on a 0.552-acre lot and is zoned H-D. Recent improvements include full renovations for both Jackson Hewitt and Fairfellow Realty, encompassing updated electrical systems and new hot water tanks for Fairfellow Realty. Additionally, the barbershop has received upgrades to its electrical system and a new furnace. This multi-tenant property offers a strong, stable income stream and significant potential for future appreciation in a thriving downtown location. The asking price is $499,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bedford
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5356
- Latitude
- 41.392
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
