680 Broadway AveBedford, OH 44146

Property Details for 680 Broadway Ave

Year built

1921

Construction

TYPE NOT SPECIFIED

Lot size

0.08 AC

Property size (Sq ft)

6,338 SF

Zone code

H-D

Property type

Banks

APN

812-13-051

APU

81213051

Description

This exceptional investment opportunity presents a fee-simple ownership of a 6,825-square-foot U.S. Bank branch located at 680 Broadway Ave, Bedford, OH 44146. The property, situated on a 0.08-acre lot (APN 812-13-051), boasts a two-story building constructed in 1921 and renovated in 1972. Currently operating under a 100% occupancy Absolute NNN lease with U.S. Bank, the property offers a strong, stable income stream. The lease, expiring November 30, 2026, includes two five-year renewal options with a 2.0% annual rent increase. The annual base rent is $98,844. The building features 3,165 square feet of bank space on both the lower and first floors. An additional 2,673 square feet of unused office space on the second floor offers potential for subleasing or owner-user occupancy, accessible via a separate street entrance. This prime retail property offers a compelling 10.00% cap rate and a price per square foot of $144.76, making it an attractive addition to any portfolio. The property is conveniently located just 15 miles southeast of downtown Cleveland. This is a rare opportunity to acquire a national bank branch with a low price point of $988,000.

Location Insight

City

Bedford

County

Cuyahoga

State

Ohio

Latitude

41.3917

Longitude

-81.5361

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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