7800 Broadview RdParma, OH 44134

Property Details for 7800 Broadview Rd

Year built

1972

Construction

TYPE NOT SPECIFIED

Lot size

4.36 AC

Property size (Sq ft)

5,066 SF

Zone code

RB

Property type

Retail properties

Property subtype

Retail space

APN

453-44-001

APU

45344001

Description

This exceptional retail opportunity is located at 7800 Broadview Road in Parma, Ohio, 44134. The property consists of a single-story, Class B building constructed in 1972, situated on a generous 13.089-acre lot. Currently, one retail space of 1,244 square feet is available for lease within this multi-tenant building. The building is zoned RB, and its Cuyahoga County APN is 45344001. This location offers excellent visibility and accessibility, with the added benefit of being adjacent to a newly constructed self-storage facility, potentially driving increased foot traffic and customer exposure. The property's single-building structure and ample lot size provide significant potential for future development or expansion. The building features a total of zero suites, indicating a flexible layout adaptable to various retail needs. This presents a unique chance to establish a thriving business in a well-established Parma commercial area. The property's location in Cuyahoga County, Ohio, offers access to a robust local market and convenient transportation links. This is an ideal opportunity for a retailer seeking a high-visibility location with significant potential for growth. The 1,244 square foot space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,374,844

  6.5%

  $1,269,087

  7%

  $1,178,438

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,194,162

  Geo Method

  $1,194,162

• Alternative Use

  Use

  Valuation

  Residential

  $1,070,523

  Hospitality

  $980,593

  Educational

  $815,842

  Medical

  $843,900

  Retail

  $1,269,087

Location Insight

City

Parma

County

Cuyahoga

State

Ohio

Latitude

41.3532

Longitude

-81.6856

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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