See all 7 photos
7 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,150,000
Est. payment /mo
1 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Ely
MLS Listing ID 5165032
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1990
Annual Tax Amount $17,589
Tax Year 2024
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Retail
Property Description
8,000 SF Suburban Retail Plaza Investment with Clear Value-Add Strategy located between Pleasant Valley & Broadview Rd
Intersection and Meijer's. High Visibility along Broadview Rd and High-Traffic Shared Access Drive with Pleasant Valley Shopping
Center. 3 Access Points, 1 signalized. 100% Occupied: 2 Tenants: $12 PSF on 6,800 SF & $18 PSF on 1,200 SF. Clear Future Value-Add Opportunity: dividing 6,800 SF Unit into many 1,200-2400 SF Units and taking rent from $12 PSF to market rent. High Residual Land Value: 100ft Frontage with Excess Land in Rear. Being offered at 8 cap on in-place rents. Well-maintained by original landlord since constructed.
Intersection and Meijer's. High Visibility along Broadview Rd and High-Traffic Shared Access Drive with Pleasant Valley Shopping
Center. 3 Access Points, 1 signalized. 100% Occupied: 2 Tenants: $12 PSF on 6,800 SF & $18 PSF on 1,200 SF. Clear Future Value-Add Opportunity: dividing 6,800 SF Unit into many 1,200-2400 SF Units and taking rent from $12 PSF to market rent. High Residual Land Value: 100ft Frontage with Excess Land in Rear. Being offered at 8 cap on in-place rents. Well-maintained by original landlord since constructed.
Location
State OH
County Cuyahoga
Rooms
Basement None
Interior
Heating Forced Air, Gas
Cooling Multi Units
Fireplace No
Exterior
Parking Features Additional Parking, On Site, Parking Lot
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Present Use Retail
Building
Sewer Public Sewer
Water Public
Construction Status Updated/Remodeled
Schools
School District Parma Csd - 1824
Others
Tax ID 453-20-021
Read Less Info
Listed by Luke Petros • Berkshire Hathaway HomeServices Stouffer Realty • lukepetros@stoufferrealty.com, 440-985-8580