[DARK] Citizens Bank w/ Drive-Thru | Directly Adjacent to $260M Belle Oaks Marketplace

690 Richmond Road Richmond Heights, OH 44143

690 Richmond Road, Richmond Heights, OH, 44143
Subject + Belle Oaks Project
690 Richmond Road, Richmond Heights, OH, 44143 690 Richmond Road, Richmond Heights, OH, 44143 690 Richmond Road, Richmond Heights, OH, 44143
FOR LEASE NNN Property
Property Type:
Single Tenant Retail (NNN)
Cap Rate:
0.00%
Last Verified:
Mar 17, 2022
Daily Email Blast
0 times


Description

Subject offering a now-dark former Citizens Bank, which has been occupied by Tenant since 2006 with a lease expiration date of 07/2023. The free-standing, well-maintained, 3,775± square foot building boasts direct frontage to SR 175 (Richmond Road). Constructed in 2001, the building features a brick exterior, with wood/timber framing and sits on a 1.99±AC lot. The site benefits from a dedicated turning-lane and exposure to a combined 25,748± vehicles-per-day (2020). The Subject is also located directly across the street from the highly anticipated, recently approved, Belle Oaks Marketplace. When complete, the 69.2±AC / 1,617,800±SF development of regional economic impact aims to be the preeminent, Class-A multi-family and mixed-use community in the region offering a walkable, live-work-play environment that is supported by best-in-class local retailers, restaurants and daily-needs services. Once fully envisioned, the project will consist of 791 apartment units with approximately 315,000±SF of retail, including a completely renovated Regal’s 20-screen theater complex. With its 1st Phase construction commencing in 2021 and Leasing Center scheduled to open in December 2022, the 760,110±SF Phase I, will be a mixed-use neighborhood comprised of 8 new buildings located on 25.5±AC of the existing Sears Dept. Store site at Richmond Town Square.

Highlights

  • Subject is located directly across from the highly anticipated, recently approved, 1,617,800±SF Belle Oaks Marketplace
  • Site benefits from a dedicated turning-lane and exposure to a combined 25,748± vehicles-per-day (2020)
  • Excellent Visibility Due To Direct Frontage to SR 175 (Richmond Road)
  • 2001 Construction with Brick Exterior and Wood/Timber Framing on a 1.99±AC Lot with Drive-Thru .

  • Additional URLs

    Map of 690 Richmond Road, Richmond Heights, OH, 44143

    Presented by:

    Request additional information


    Send a message
    Share this Listing

    Not Interested In This Property? TheBrokerList.com Can Help
    Looking for an office, retail space, warehouse or anything else?
    Contact a Licensed Member Today

    What are Real Estate Incentives?

    Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

    Why are Real Estate Incentives Important and to Whom?

    "Incentives" are vital today and in the future because:

    • U.S. Public: Many incentives focus on job creation and Affordable Housing
    • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
    • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
    • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.