1640 State Route 534 S - Storefront FOR SALE


Geneva, OH 44041
$895,000 USD
216-577-1517
1640 State Route 534 S, Geneva, OH for Sale
$895,000 USD
Storefront - FOR SALE
1/8
null | Request Cap Rate

1640 State Route 534 S
Geneva, OH 44041


HIGHLIGHTS

  • Sale Price: $790,000
  • Traffic Counts: -South Broadway: 7,180 VPD -I-90: 34,620 VPD (Source: ODOT TIMS)
  • Current Annual NOI: $17,367
  • Currently leased to Subway and Elite Employment Center. Large highway monument sign included.

OVERVIEW

2.72 AC + of commercial land. 2,871 SF strip center highway site off I-90. 1,271 SF endcap vacancy. Subway lease expires Jan ‘26. Current NOI: $14,367 Zoned: AC Accommodation Commercial Flexible zoning allows for hotel, retail, restaurants, car wash, medical, warehouse, wineries, etc. Strip center attached to gas station. The site is positioned directly across the highway from the SPIRE Institute which has over 1 M annual visitors. The SPIRE Institute is a world renowned sports academy and hosts Olympic Training and various national tournaments, including the Big Ten & Atlantic 10 Conference Track & Field Championships. Geneva is a known travel destination with over 20 vineyards and historic downtown Geneva on the Lake.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$312 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.72 AC

LAND SF

118,483 SF

ZONING

Commercial

APN/PARCEL ID

220070004400

ASK ABOUT THIS PROPERTY

Kevin MossCBRE, Inc.More Info
216-577-1517

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Kevin MossCBRE, Inc.More Info
216-577-1517

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.