2323 Broadview RdCleveland, OH 44109
- Retail properties
- 0.14 AC
Property Details for 2323 Broadview Rd
- Lot size
- 0.14 AC
- Zone code
- LR
- Property type
- Retail properties
- Property subtype
- Parking lots & garages
- APN
- 014-19-020
- APU
- 1419020
Description
This exceptional freestanding retail property, formerly a Rite Aid, presents a unique investment opportunity in Cleveland, Ohio. Located at 2323 Broadview Rd, in the 44109 zip code, this single-tenant building boasts a substantial 14,308 square feet of vacant space, ready for immediate occupancy. The property sits on a generous 1.51-acre lot, providing ample space for parking and potential expansion. The building's previous use as a pharmacy/drug store suggests a strong potential for similar businesses or adaptable retail ventures. The zoning designation is Limited Retail Business, offering flexibility within the permitted uses. Situated in Cuyahoga County, this location benefits from excellent visibility and accessibility, making it an ideal spot for a variety of retail operations. The entire 14,308 square feet is currently vacant, offering a blank canvas for a new tenant to customize the space to their specific needs. This property represents a rare opportunity to acquire a well-located, sizable retail building in a thriving area of Cleveland. The substantial lot size and convenient location make this an attractive option for businesses seeking high visibility and ample space. Interested parties are encouraged to explore the possibilities this property offers.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,561,859
- 6.5%
- $1,441,716
- 7%
- $1,338,736
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,392,167
- Geo Method
- $1,392,167
-
Alternative Use
- Use
- Valuation
- Residential
- $1,216,141
- Hospitality
- $1,113,979
- Educational
- $926,817
- Medical
- $958,692
- Retail
- $1,441,716
Location Insight
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Latitude
- 41.439
- Longitude
- -81.7014
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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