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1640 State Route 534 S
Geneva, OH 44041

Retail Property For Sale

Storefront Properties Ohio Geneva 1640 State Route 534 S, Geneva, OH 44041

Investment Highlights

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

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
2,871 SF
Building Class
C
Year Built
1964
Price
$895,000
Price Per SF
$312
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
2.72 AC
Zoning
Commercial

About 1640 State Route 534 S , Geneva, OH 44041

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.

PROPERTY TAXES

Parcel Number 220070004400 Improvements Assessment $60,200
Land Assessment $40,320 Total Assessment $100,520

PROPERTY TAXES

Parcel Number
220070004400
Land Assessment
$40,320
Improvements Assessment
$60,200
Total Assessment
$100,520
 

  • Listing ID: 13325438

  • Date on Market: 7/30/2018

  • Last Updated:

  • Address: 1640 State Route 534 S, Geneva, OH 44041

More public record information on 1640 State Route 534 S, Geneva, OH 44041

The Retail Property at 1640 State Route 534 S, Geneva, OH 44041 is currently available for sale. Contact CBRE, Inc. for more information.

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