Technical
Financial
Distress signals
Property profile

675 Broadway Ave Bedford, OH 44146

OFF-MARKET
Retail space
Property ID
US66-0697066
5,600 SF 0.28 ac lot Built 1930
Trust Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Construction TYPE NOT SPECIFIED
Total area 5,600 SF
Lot 0.28 ac (12,040 SF)
Zoning code H-D
APN 812-13-040
UPID US66-0697066

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Real Estate Agency

Location

675 Broadway Ave Bedford, OH 44146-3616
Bedford metro Census 132200 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2021
Last sale
$375,000
2 recorded transactions
2021
$130,000
2010
Price N/A

Zoning & alternative use

H-D · Bedford, OH
Zoning description

s CHAPTER 1938 B-2A Automotive Business District CHAPTER 1939 M-U Mixed Use District CHAPTER 1941 I-1 Industrial Districts CHAPTER 1942 I-2 Industrial Districts CHAPTER 1943 H-1 Historical Overlay Districts CHAPTER 1944…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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