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This exceptional 1.55-acre outparcel, totaling 1,974 square feet, presents a prime opportunity for restaurant development or redevelopment within the thriving Hawthorne Valley Power Center in Oakwood Village, Ohio. Located at 23840 Broadway Ave, 44146, this vacant property offers an absolute NNN lease structure. The land value alone is assessed at $515,000 per acre, contributing to the overall asking price of $800,000. The property benefits from its strategic location, boasting high visibility and accessibility just off I-271, a major thoroughfare with a daily traffic count of 113,466 vehicles. Broadway Avenue itself sees 15,682 vehicles per day. This location is part of a robust retail center anchored by prominent national tenants including Sam's Club, Levin Furniture, Ollie's, The Tile Shop, Woodcraft, and Wendy's. The immediate vicinity also features several other food-related businesses, creating a synergistic environment. The surrounding area demonstrates strong demographics, with a dense population of 128,585 people within a five-mile radius and an average household income of $81,356. This property's super-regional draw is further enhanced by its proximity to the only Sam's Club, Ollie's, and Levin Furniture within a ten-mile radius. This presents a unique opportunity to capitalize on a high-traffic location and strong consumer base. The property is currently vacant, allowing for complete customization to suit a variety of restaurant concepts.
Highlights
$800,000 asking price ($515,000/acre).
1.55-acre parcel with a 1,974 sq ft restaurant building available for sale, lease, or ground lease at Hawthorne Valley Power Center.
Strong co-tenancy including Sam's Club, Levin Furniture, Ollie's, The Tile Shop, Woodcraft, and Wendy's.
Excellent food-based co-tenancy with Wendy's, McDonald's, and Dunkin'.
High-traffic location with 15,682 vehicles per day (VPD) and proximity to I-271 (113,466 VPD); dense population of 128,585 within a 5-mile radius with an average household income of $81,356.
Super-regional draw with this location being the only Sam's Club, Ollie's, and Levin Furniture within a 10-mile radius.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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