23840 Broadway AveOakwood Village, OH 44146

For Sale
$800,000

1.55-acre restaurant site, vacant.

Overview

Added:
Dec 11, 2024
Days on market:
91
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.

Property Details for 23840 Broadway Ave

Property type
Lifestyle centers, Power centers
Square Feet
1,974 SF
Buildings
1
Lot Size (sq. ft)
67,518 SF

Location Insight

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
23840 Broadway Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message