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23360 Michelle Dr 9,802 SF Industrial Building Bedford Heights, OH 44146 $1,500,000 ($153.03/SF)

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INVESTMENT HIGHLIGHTS

  • Location offers easy access to I-480 & I-271.

EXECUTIVE SUMMARY

Excellent location for quasi-retail use, close to industrial, residential, and commercial areas. It provides easy access to I-480 and I-271. Approximately 4,200 SF is available for use. Year 1 Net Operating Income is $96,000. It presents an excellent opportunity for a partial owner-user with existing cash flow on a long-term lease. A high-credit tenant is already in place. The property is zoned B1 - Local.

PROPERTY FACTS

Price $1,500,000
Price Per SF $153.03
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Showroom
Building Class C
Lot Size 1.48 AC
Rentable Building Area 9,802 SF
No. Stories 1
Year Built/Renovated 1972/2023
Tenancy Single
Parking Ratio 1.33/1,000 SF
Clear Ceiling Height 18’9”
No. Drive In / Grade-Level Doors 2
Opportunity Zone Yes
Zoning B-1 - Local Retail District

AMENITIES

  • Air Conditioning

UTILITIES

  • Lighting - LED
  • Gas
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
791-10-055
Land Assessment
$76,580
Improvements Assessment
$172,830
Total Assessment
$249,410
  • Listing ID: 34921546

  • Date on Market: 2/24/2025

  • Last Updated:

  • Address: 23360 Michelle Dr, Bedford Heights, OH 44146

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