26004 Pettibone RdBedford, OH 44146

Property Details for 26004 Pettibone Rd

Year built

1945

Construction

TYPE NOT SPECIFIED

Lot size

0.48 AC

Property size (Sq ft)

1,255 SF

Zone code

GB

Property type

Auto shops

APN

795-22-015

APU

79522015

Description

This exceptional mixed-use property presents a unique investment opportunity in Bedford, Ohio. Situated on a 0.74-acre lot at the highly visible corner of Pettibone Road and Broadway Avenue, this property boasts excellent frontage and high traffic counts. The offering includes two buildings sharing a single address: a single-family home and a 1,255 square foot block building previously used as an auto repair shop. The B-2 zoning designation allows for a diverse range of business uses, making this property ideal for entrepreneurs and investors seeking flexibility. The property's prime location benefits from its proximity to established businesses, including a Family Dollar Store directly across the street and a Circle K on the adjacent corner. This strategic positioning ensures high visibility and accessibility for any future business venture. The combined residential and commercial components offer potential for various development scenarios, from continued mixed-use operation to complete redevelopment. This is a rare opportunity to acquire a well-situated property in a thriving area with significant potential for growth and return on investment. The property's size and zoning provide ample room for expansion or adaptation to suit a variety of business needs. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $350,848

  6.5%

  $323,860

  7%

  $300,727

• Comparable approach

  Method

  Valuation

  Relative Method

  $295,830

  Geo Method

  $295,830

• Alternative Use

  Use

  Valuation

  Residential

  $273,188

  Hospitality

  $250,239

  Educational

  $208,196

  Medical

  $215,356

  Retail

  $323,860

Location Insight

City

Bedford

County

Cuyahoga

State

Ohio

Latitude

41.3583

Longitude

-81.4988

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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