401-403,405 Broadway AvenueBedford, OH 44146

401-403,405 Broadway AvenueBedford, OH 44146

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$615,000 Active
Commercial - Retail MLS 5178291

Listed By

Agency Name: Coldwell Banker Schmidt Realty
Agency Contact: thefrederickteam@gmail.com, 216-210-7653

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Exceptional commercial opportunity in a high-traffic, high-visibility prime location with ample on-site parking. This well-maintained building has benefited from over $300,000 in recent improvements, including extensive build-outs, roof replacement, and major mechanical, electrical, and plumbing updates, offering long-term reliability and strong appeal for investors or owner-occupants. The property is ideally suited for an owner to occupy one unit while leasing the others, or as a pure cash-flow investment. Currently configured as three separate retail storefronts, each unit features a private entrance, dedicated parking, separate utilities, central air, and access to a rear private patio area for each unit. One unit is occupied by a daycare tenant generating $3,000 per month and offering approximately 2,056 square feet with two baths and a kitchen. Two remaining units have been recently fully leased , with one offering approximately 670 square feet with one bath at $1,250 per month, and the other approximately 1,922 square feet with two baths at $2,500 per month. Prior uses include real estate offices, insurance agencies, and retail beverage sales, demonstrating versatility across multiple business types. Easy to view & call for complete sale.

401-403,405 Broadway Avenue | MLS# 5178291

This commercial property located at 401-403,405 Broadway Avenue, Bedford, OH 44146 is currently listed for sale with an asking price of $615,000. 401-403,405 Broadway Avenue is located within the Bedford City school district. Search Bedford real estate on 15ontariotrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Retail
Cooling: Ceiling Fan(s)
Days on Market: 32
Heating: Forced Air, Gas
Lot Size: 0.70 Acres
Roof Type: Asphalt
Stories: 1.0
Taxes: $9,511 / year
Year Built: 1975

Feature Descriptions

Fencing: Fenced, Partial, Vinyl
Parcel#: 812-09-003
Parking: Parking Lot
Sewer: Public Sewer
Units: 3
Water: Public

Local Schools

School District: Bedford City

Demographics

Cuyahoga County Demographic Information for 401-403,405 Broadway Avenue, Bedford, OH 44146
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau