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- LoopNet Team
1640 State Route 534 S
Geneva, OH 44041
Retail Property For Sale
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
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
