631-641 Broadway AveBedford, OH 44146

For Sale
$675,000

Prime Bedford location, high-traffic commercial building.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional mixed-use property, located at 631-641 Broadway Avenue in Bedford, Ohio, presents a unique investment opportunity. The 0.31-acre lot features two well-maintained buildings offering a blend of commercial and residential spaces. The ground level boasts eight versatile retail/office spaces of varying sizes, each equipped with private restrooms and hand sinks. Many of these spaces have been occupied by physicians for an extended period. The second level comprises eight turnkey residential apartments – seven one-bedroom units and one efficiency apartment. Five apartments are currently rented, two are ready for immediate rental, and one is used for storage. These desirable units feature skylights and spacious, well-lit floor plans. A full basement offers significant potential for expansion, additional storage, or other uses. The property benefits from a private parking lot and ample city parking, situated within the Bedford Historical District. Its prime location along Broadway and Columbus Avenues ensures high visibility and traffic. The property's proximity to hospitals, shopping centers, restaurants, parks, freeways, banking institutions, and auto services further enhances its appeal. This property is ideal for owner-occupancy, with the option to maintain an office space, or as a purely investment-focused acquisition. Professional management and maintenance services are available for out-of-area investors. The asking price is $675,000.

Highlights

  • Exceptional mixed-use property in Bedford, Ohio's historic district, on a 0.31-acre lot.
  • Two buildings with eight ground-floor retail/office spaces, each with private restrooms, many with long-term physician tenants.
  • Eight second-floor residential apartments (seven one-bedroom, one efficiency); five currently rented, two vacant and ready to rent.
  • Full basement offers expansion potential.
  • Private parking lot plus ample city parking; high visibility location on Broadway and Columbus Avenues.
  • $675,000 asking price; professional management available.

Property Details for 631-641 Broadway Ave

Property type
Other mixed-use properties, Mixed-use properties
Lot Size (sq. ft)
13,504 SF

Location Insight

City
Bedford
County
Cuyahoga
State
Ohio
Latitude
41.3927759
Longitude
-81.5367574
631-641 Broadway Ave, Bedford, Ohio

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631-641 Broadway Ave
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