Retail Space
762 Front Street Berea, OH 44017
Details & Description
Price: $575,000
    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
    762 Front Street Berea, OH 44017 | for Sale | Photo 1
    Building Size: 5,925 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $97.05
    Land $/SF:
    Price
    $575,000
    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.

    Common Questions and Answers

    What is the asking price for 762 Front Street in Berea?
    The asking price for 762 Front Street is $575,000
    What is the building size of this Retail property in Berea, OH?
    The size of the building/unit at 762 Front Street in Berea is 5,925 square feet
    What kind of Retail is the propery at 762 Front Street?
    The property at 762 Front Street Berea, OH 44017 is listed as a Free Standing Building Retail property
    What is the population within 1 mile of 762 Front Street in Berea?
    The population within 1 mile of 762 Front Street Berea, OH 44017 is 6,085 people.
    Who do I contact for questions about 762 Front Street?
    You should contact the listing agent, Chuck Essreg, for any details regarding this commercial listing.

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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
    Price
    $575,000
    Listing Agent
    More listings from Chuck Essreg
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