Property profile

776 Broadway Ave Bedford, OH 44146

OFF-MARKET
Warehouses
Property ID
US66-1532173
2,250 SF 0.16 ac lot Built 1962
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional free-standing commercial building, located in Bedford's historic district, presents a unique investment opportunity. Boasting B-2 zoning, the property offers incredible flexibility for a wide range of business ventures. Imagine establishing a professional office, boutique, spa, lounge, holistic center, or massage therapy practice – the possibilities are vast. Alternatively, the building's design allows for two distinct businesses to operate simultaneously, utilizing the upper and lower levels with their separate entrances. Previously a dental practice, the property has been thoughtfully prepared for a food service establishment, with significant restaurant equipment (valued at over $25,000) included in the sale. This equipment is ready for final touches and immediate operation. The lower level offers additional space, which can be integrated with the upper level or function as a completely separate entity. The upper level features a spacious, open floor plan with plumbing already in place for a bathroom. The lower level comprises two to three rooms, a full bathroom, and a half-bath. The building's clean design and minimal exterior maintenance requirements ensure ease of upkeep. Estimated dimensions include a main (upper) level of approximately 1,368 square feet (28' 5" x 48'), with first-floor sections measuring 24' x 28' and 28' x 23'. Lower-level sections are approximately 21' x 19' and 24' x 24'. The property sits on a 0.16-acre lot. A liquor license is negotiable as part of the sale. This is an exceptional opportunity to own a versatile and well-equipped commercial space in a desirable location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1962
Construction TYPE NOT SPECIFIED
Total area 2,250 SF
Lot 0.16 ac (6,800 SF)
Zoning code B-2
APN 812-14-060
UPID US66-1532173

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
  • Dental Office
  • Dental Office

Location

776 Broadway Ave Bedford, OH 44146-3645
Bedford metro Census 132302 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$145k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$110k

Owner & transaction history

since 2023
Last sale
$170,000
4 recorded transactions
2023
$170,000
2016
$28,600
2016
Price N/A
2005
Price N/A

Zoning & alternative use

B-2 · Bedford, OH
Zoning description

MENTS. CHAPTER 1929 R-3 One to Six-Family Residence Districts CHAPTER 1931 R-4 Multi-Family Residence Districts CHAPTER 1933 B-P Professional Office District CHAPTER 1935 B-1 Local Retail Business Districts CHAPTER 1937…

General category COMMERCIAL

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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