Retail Space
205 Center Street Seville, OH 44273
Details & Description
Price: $1,695,000
    SperryCGA - The Masica Company is pleased to present the opportunity to acquire 205 - 255 Center Rd., located in the Village of Seville, Ohio. The offering includes a 14,386 SF (approx.) retail center with diversified tenant mix with some long-term NNN leases in place. With a solid 6.85% CAP rate and an 8.26% expected year one cash-on-cash return, this purchase provides the prospective buyer immediate cash flow. The building is a well-maintained and includes three new tenant buildouts in 2020.
    Additional Photos
    Listing Agents
    Steve Masica

    O: 330-714-4415
    steve.masica@sperrycga.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.

    205 Center Street

    Seville, OH 44273

    Listing ID: 216096
    • 205 Center Street Seville, OH 44273 | for Sale | Photo 1
    • 205 Center Street Seville, OH 44273 | for Sale | Photo 2
    • 205 Center Street Seville, OH 44273 | for Sale | Photo 3
    • 205 Center Street Seville, OH 44273 | for Sale | Photo 4
    205 Center Street | for Sale | Thumbnail 1
    205 Center Street | for Sale | Thumbnail 2
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    205 Center Street | for Sale | Thumbnail 4
    Building Size: 14,386 SF
    Lot Size: 0.328 AC
    Land Size: 14,287 SF
    Building $/SF: $117.82
    Land $/SF: $118.64
    Price
    $1,695,000
    Description

    SperryCGA - The Masica Company is pleased to present the opportunity to acquire 205 - 255 Center Rd., located in the Village of Seville, Ohio. The offering includes a 14,386 SF (approx.) retail center with diversified tenant mix with some long-term NNN leases in place. With a solid 6.85% CAP rate and an 8.26% expected year one cash-on-cash return, this purchase provides the prospective buyer immediate cash flow. The building is a well-maintained and includes three new tenant buildouts in 2020.

    Attachments & Files

    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.
     
    Akron History of Retail Space for Sale

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    Seville Area Market Trends

    Listing Demographics for 205 Center Street Seville, OH 44273

    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 Population1,1496,43819,648
    Population Median Age384142
    Population by Age0-9 Yrs164 (14%)712 (11%)2145 (10%)
    10-19 Yrs155 (13%)862 (13%)2502 (12%)
    20-29 Yrs184 (16%)768 (11%)1989 (10%)
    30-39 Yrs69 (6%)487 (7%)2003 (10%)
    40-49 Yrs167 (14%)937 (14%)2421 (12%)
    50-59 Yrs180 (15%)1091 (16%)3293 (16%)
    60-69 Yrs101 (8%)795 (12%)2881 (14%)
    70+ Yrs131 (11%)785 (12%)2414 (12%)
    Median HH Income$68,686$67,563$69,922
    Total Household Income< 24K46 (10%)275 (10%)961 (12%)
    25-49K83 (19%)496 (19%)1464 (18%)
    50-74K105 (24%)682 (26%)1770 (22%)
    75-99K92 (21%)427 (16%)1222 (15%)
    100-199K81 (19%)528 (20%)1793 (23%)
    200K+15 (3%)135 (5%)516 (6%)
    Highest Education LevelNo Diploma40228898
    Diploma or GED29517905553
    Some College16410052893
    Assoc. Degree914631226
    Bachelors Degree1297692431
    Higher Degree472961111
    Total Housing Units4332,6648,352
    --Owner-Occupied3062,0476,599
    --Renter-Occupied1164951,128
    Owner-Occupied Values< 100K37262920
    100-199K17710453159
    200-299K735101483
    300-399K14149591
    400-499K567302
    500K+014144
    Total Working Age Population8825,14615,938
    In Work Force6233,54210,283
    Not In Work Force2591,6045,655
    Workforce Employed6013,4249,952
    Workforce Unemployed22117323
    Civlian Workforce6233,54210,275
    Military Workforce008
    Total Households4222,5427,727
    Family Households2961,7495,571
    Non-Family Households1267932,156
    Married Couple2221,4234,636
    Other Family74326935
    Married w/Child864901,534
    Single Male w/Child35127235
    Single Female w/Child1585273

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Ohio11,353,140+211,536,504011,574,870011,615,100
    Lorain County284,664+6301,356+3310,230+3320,430
    Medina County151,095+14172,332+7184,670+5194,510
    Wayne County111,564+3114,5200114,390-1113,400

    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 205 Center Street in Seville?
    The asking price for 205 Center Street is $1,695,000
    What is the building size of this Retail property in Seville, OH?
    The size of the building/unit at 205 Center Street in Seville is 14,386 square feet
    How much land does the Seville, OH property at 205 Center Street include?
    205 Center Street in Seville includes 0.328 acres of land
    What kind of Retail is the propery at 205 Center Street?
    The property at 205 Center Street Seville, OH 44273 is listed as a Shopping Center Retail property
    What is the population within 1 mile of 205 Center Street in Seville?
    The population within 1 mile of 205 Center Street Seville, OH 44273 is 1,149 people.
    Who do I contact for questions about 205 Center Street?
    You should contact the listing agent, Steve Masica, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Cleveland Hopkins International Airport (CLE) 27
    John Glenn Columbus International Airport (CMH) 89
    Pittsburgh International Airport (PIT) 93
    Price
    $1,695,000
    Listing Agent
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