7500 Detroit AveCleveland, OH 44102

  • Retail properties
  • 2,704 SF
For Sale
$1,300,000 View listing

Property Details for 7500 Detroit Ave

Lot size
1.25 AC
Property size (Sq ft)
2,704 SF
Property type
Retail properties
Property subtype
Freestanding property

Description

This vacant, freestanding retail building, formerly a Burger King, presents a unique redevelopment opportunity. Located at 7500 Detroit Ave in Cleveland, Ohio (44102), this 2,704 square foot property sits on a 1.25-acre lot and is zoned LR-K2 Limited Retail. The asking price is $1,300,000, translating to $480.77 per square foot. The property features a drive-thru, a significant advantage for future tenants. Its strategic location offers excellent visibility and accessibility, situated minutes from downtown Cleveland, Ohio City, Edgewater, and Lakewood. The surrounding area boasts a dense population, with 16,656 people within a 1-mile radius and 119,468 within a 3-mile radius. Furthermore, the property benefits from the proximity to hundreds of millions of dollars in recent and planned multifamily and retail developments. This presents a compelling investment opportunity for redevelopment or lease to a new tenant. The property is offered as a Net Net Net (NNN) lease. The building consists of one unit in one building and is currently vacant.

7500 Detroit Ave, Cleveland, Ohio

Location Insight

City
Cleveland
County
Cuyahoga
State
Ohio
Latitude
41.4827
Longitude
-81.7368

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