680 Broadway Ave Bedford, OH 44146-3642
Property Lookup
Property profile & analytics
680 Broadway Ave Bedford, OH 44146-3642
- Banks
- 6,338 SF
- 0.08 lot acres
Property ID
US66-6115272
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Banks
Property Details for 680 Broadway Ave
- Year built
- 1921
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.08 lot acres
- Property size
- 6,338 SF
- Zone code
- H-D
- Property type
- Banks
- APN
- 812-13-051
- APU
- 81213051
Description
This exceptional investment opportunity presents a fee-simple ownership of a 6,825-square-foot U.S. Bank branch located at 680 Broadway Ave, Bedford, OH 44146. The property, situated on a 0.08-acre lot (APN 812-13-051), boasts a two-story building constructed in 1921 and renovated in 1972. Currently operating under a 100% occupancy Absolute NNN lease with U.S. Bank, the property offers a strong, stable income stream. The lease, expiring November 30, 2026, includes two five-year renewal options with a 2.0% annual rent increase. The annual base rent is $98,844. The building features 3,165 square feet of bank space on both the lower and first floors. An additional 2,673 square feet of unused office space on the second floor offers potential for subleasing or owner-user occupancy, accessible via a separate street entrance. This prime retail property offers a compelling 10.00% cap rate and a price per square foot of $144.76, making it an attractive addition to any portfolio. The property is conveniently located just 15 miles southeast of downtown Cleveland. This is a rare opportunity to acquire a national bank branch with a low price point of $988,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,375,000
- ML approach
- $1,410,000
-
Alternative Use
- Use
- Estimation
- FINANCIAL BUILDING
- $1,305,000 Current use
- AUTO REPAIR, GARAGE
- $1,130,000 Change: -13% Conversion: Difficult
- RESTAURANT
- $1,070,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bedford
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5361
- Latitude
- 41.3917
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,301
$5,150
$130,830
$135,980
-
$14,700
$373,800
$388,500
