15684 Broadway AveMaple Heights, OH 44137

Property Details for 15684 Broadway Ave

Year built

1948

Construction

TYPE NOT SPECIFIED

Lot size

7.21 AC

Property size (Sq ft)

101,675 SF

Zone code

GC

Property type

Warehouses

APN

784-06-001

APU

78406001

Description

This exceptional 102,765 square foot shopping center presents a prime retail opportunity in Cuyahoga County. Strategically located at the signalized intersection of Broadway Avenue and Libby Road, this property boasts high visibility and accessibility. The center currently offers 10 available spaces, ranging from a minimum of 720 square feet to a maximum contiguous space of 21,357 square feet, providing flexibility for various retail concepts. A significant 41,382 square feet is currently vacant, presenting a unique chance to establish a presence in a thriving retail environment. The center serves a densely populated neighborhood and benefits from its proximity to key community institutions, including city hall, a library, and a high school. Convenient access to I-480 further enhances its appeal. Strong anchors, Save A Lot and Dollar General, attract substantial foot traffic and contribute to the center's overall success. This is an ideal location for businesses seeking high visibility and a strong customer base in a well-established community. The property's size and layout offer significant potential for growth and expansion. This is a rare opportunity to secure retail space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $46,063,900

  6.5%

  $42,520,600

  7%

  $39,483,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,217,100

  Geo Method

  $15,217,100

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $20,855,500

  Mixed-Use / Specialty

  $20,033,400

  Hospitality / Lodging

  $13,724,300

  Office

  $19,135,500

  Institutional / Educational

  $20,559,400

  Residential Income

  $24,054,500

  Multifamily

  $32,994,900

  Automotive / Energy

  $17,622,300

  Parking / Income-Based Land

  $6,820,000

  Restaurant / Food Service

  $8,823,710

  Healthcare / Senior Housing

  $21,310,600

Location Insight

City

Maple Heights

County

Cuyahoga

State

Ohio

Latitude

41.4157

Longitude

-81.5716

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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