Retail Space - For Sale
762 Front Street Berea, OH 44017
Details & Description
Price: $575,000
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 0.000
  • Building Sq Ft 5,925
  • Building Price per Sq Ft $97.05
Napa Auto Parts occupies a 5925 Sq Ft free standing building on Front Street in Berea,a short distance from Cleveland Hopkins Airport, and accessible from Rt 237.The retailer in place since April 2016, recently renewed for five (5) years and has onemore five (5) year option.The Tenant has a gross lease with the landlord responsible for real estate taxes,insurance, and sewer.The operating statement indicates net operating income of $56,597. The property isoffered for sale at $575,000 at 9.8% cap rate.
Listing Agents
Chuck Essreg

O: 216-514-1400
cessreg@kowitrealestate.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

762 Front Street

Berea, OH 44017

Listing ID: 191889
$575,000
For Sale
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 0.000
  • Building Sq Ft 5,925
  • Building Price per Sq Ft $97.05
762 Front Street Berea, OH 44017 | for Sale | Photo 1
Description

Napa Auto Parts occupies a 5925 Sq Ft free standing building on Front Street in Berea,

a short distance from Cleveland Hopkins Airport, and accessible from Rt 237.

The retailer in place since April 2016, recently renewed for five (5) years and has one

more five (5) year option.

The Tenant has a gross lease with the landlord responsible for real estate taxes,

insurance, and sewer.

The operating statement indicates net operating income of $56,597. The property is

offered for sale at $575,000 at 9.8% cap rate.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Cleveland History of Retail Space for Sale

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Berea Area Market Trends

Listing Demographics for 762 Front Street Berea, OH 44017

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population6,08552,333186,044
Population Median Age374242
Population by Age0-9 Yrs531 (8%)5212 (9%)19435 (10%)
10-19 Yrs1191 (19%)6673 (12%)21955 (11%)
20-29 Yrs1294 (21%)6593 (12%)22785 (12%)
30-39 Yrs497 (8%)5723 (10%)22636 (12%)
40-49 Yrs591 (9%)6432 (12%)22279 (11%)
50-59 Yrs713 (11%)7661 (14%)27649 (14%)
60-69 Yrs670 (11%)6856 (13%)24412 (13%)
70+ Yrs598 (9%)7183 (13%)24894 (13%)
Median HH Income$49,463$58,247$58,635
Total Household Income< 24K414 (19%)4072 (19%)14452 (18%)
25-49K656 (31%)5149 (24%)18667 (23%)
50-74K445 (21%)4092 (19%)15663 (20%)
75-99K238 (11%)3131 (14%)10579 (13%)
100-199K322 (15%)4305 (20%)15691 (20%)
200K+37 (1%)578 (2%)3078 (3%)
Highest Education LevelNo Diploma268298810523
Diploma or GED11941198440938
Some College830863129892
Assoc. Degree197294911284
Bachelors Degree677646726258
Higher Degree344392414642
Total Housing Units2,18122,60482,866
--Owner-Occupied1,28515,73855,762
--Renter-Occupied8285,58922,369
Owner-Occupied Values< 100K320363212407
100-199K7981001232751
200-299K15317177724
300-399K122301944
400-499K061570
500K+186366
Total Working Age Population5,15043,658154,040
In Work Force3,26427,45699,632
Not In Work Force1,88616,20154,408
Workforce Employed3,15326,01194,102
Workforce Unemployed1101,4395,488
Civlian Workforce3,26427,45099,590
Military Workforce0642
Total Households2,11321,32778,131
Family Households1,14412,68146,946
Non-Family Households9688,64631,185
Married Couple7979,44135,739
Other Family3473,24011,206
Married w/Child3103,25612,996
Single Male w/Child343691,500
Single Female w/Child1381,1883,811

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Ohio11,353,140+211,536,504011,574,870011,615,100
Cuyahoga County1,393,978-81,280,122-61,209,550-51,154,210
Lorain County284,664+6301,356+3310,230+3320,430

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Cleveland Hopkins International Airport (CLE) 2
Detroit Metropolitan Wayne County Airport (DTW) 96
Erie International Tom Ridge Field (ERI) 99
Listing Agent
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