23840 Broadway AveOakwood Village, OH 44146

For Sale
$800,000

1,974 SF Restaurant - Sale/Lease/Ground Lease

Overview

Added:
Dec 11, 2024
Days on market:
91
This 1,974 square foot restaurant building sits on a 1.55-acre outparcel in the Hawthorne Valley Power Center in Bedford, Ohio (44146), a high-traffic location with excellent visibility. The property is currently vacant and available for sale at $800,000 ($405.27/SF), lease, or ground lease. The center boasts strong co-tenancy with national retailers including Sam's Club, Levin Furniture, Ollie's, The Tile Shop, Woodcraft, and Wendy's, among others. Nearby food establishments include McDonald's and Dunkin'. This Class B property benefits from a dense population base: within a 5-mile radius, there are 128,585 people with an average household income of $81,356. High traffic counts are a key advantage, with 15,682 vehicles per day (VPD) passing the property and easy access to I-271 (113,466 VPD, per ODOT TIMS). The center's super-regional draw is further enhanced by its position as the only Sam's Club, Ollie's, and Levin Furniture within a 10-mile radius. This presents a unique redevelopment opportunity in a prime retail location. The property is situated at 23840 Broadway Ave, Bedford, Cuyahoga County, Ohio.

Highlights

  • 1,974 SF restaurant building on a 1.55-acre outparcel in Bedford, OH.
  • $800,000 asking price ($405.27/SF), also available for lease or ground lease.
  • High-traffic location with excellent visibility in the Hawthorne Valley Power Center, anchored by Sam's Club, Levin Furniture, and Ollie's.
  • Strong demographics: 128,585 people within a 5-mile radius with an $81,356 average household income.
  • High traffic counts: 15,682 VPD and proximity to I-271 (113,466 VPD).
  • Unique redevelopment opportunity in a prime retail location.

Property Details for 23840 Broadway Ave

Property type
Other retail properties, Restaurants
Square Feet
1,974 SF
Class
B
Buildings
1

Location Insight

City
Oakwood Village
County
Cuyahoga
State
Ohio
Latitude
41.3661805
Longitude
-81.5098796
23840 Broadway Ave, Oakwood Village, Ohio

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23840 Broadway Ave
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