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Property profile & analytics

776 Broadway Ave Bedford, OH 44146-3645

  • Warehouses
  • 2,250 SF
  • 0.16 lot acres
OFF-MARKET
Last Sale
Aug 04, 2023
$170,000
Value Estimations
$135,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US66-1532173
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.

Current Use by Public Records

  • Warehouses

Property Details for 776 Broadway Ave

Year built
1962
Construction
TYPE NOT SPECIFIED
Lot size
0.16 lot acres
Property size
2,250 SF
Zone code
B-2
Property type
Warehouses
APN
812-14-060
APU
81214060

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $110,000
    ML approach
    $145,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $185,000
    6.5%
    $175,000
    7%
    $160,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $146,000
    Market price range: $76.3k - $183k
    AI Estimate
    $112,000
    Market price range: $41.8k - $155k
  • Alternative Use

    Use
    Estimation
    WAREHOUSE, STORAGE
    $130,000
    Current use
    RETAIL STORES
    $110,000
    Change: -14% Conversion: Moderate

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Bedford
County
Cuyahoga
State
Ohio
Longitude
-81.5336
Latitude
41.3895
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
$4,304
$10,010
$30,910
$40,920
-
$28,600
$88,300
$116,900
More about this property
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