LAND - MADISON, OH€¦ · EmmcoRealtyGroup.com ©2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.3681 S. Green Road, Suite 201 ... local favorites

LAND - MADISON, OH

Coldwell Banker CommercialEmmco Realty Group

John Talbot(216)-292-3700 x 13 [email protected]

3681 S. Green Road - Suite 201 Beachwood, OH 44122

PREPARED BY:

EmmcoRealtyGroup.com

FOR SALE 826 River St. Madison, OH 44057

3681 S. Green Road, Suite 201 Beachwood, OH 44122 l (216)-292-3700

OPENING Fall 2018 - New 81 Room Holiday Inn Express

OPENING Late 2018 - New 82 Room Hampton Inn

CBC EMMCO has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR EMMCO REALTY GROUP AGENT FOR MORE DETAILS.

©2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.

CONFIDENTIALITY STATEMENTAND DISCLAIMER

EmmcoRealtyGroup.com 3681 S. Green Road, Suite 201 Beachwood, OH 44122 l (216)-292-3700

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This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by Coldwell Banker Commercial Emmco Realty Group ("CBC EMMCO") or by the Seller.

The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections.

This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the expressed written consent of CBC EMMCO.

Interested buyers should be aware that the Seller is selling the Property in “AS IS” CONDITION WITH ALLFAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy should be: (i) presented in the form of a letter of intent; (ii) incorporated in a formal written contract ofpurchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.

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Confidentiality Statement and

Disclaimer Executive Summary

Tourism Summary

Northeast Ohio Wineries

Spire Institute

Lodge at Geneva-on-the-Lake

Property Overview

Maps & Aerials

Tax Map

Nearby Amenities

Demographics

Contact Information

©2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba ColdwellEmmcoRealtyGroup.com 3681 S. Green Road, Suite 201 Beachwood, OH 44122 l (216)-292-3700

826 River Street

TABLE OF CONTENTS

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THE PROPERTY 826 River St. Hudson, OH 44236

826 RIVER STREET

EXECUTIVE SUMMARY

Approximately +/- 5 Acres

Current Zoning: RestaurantGasoline/Diesel and Other Vehicle Fuel Sales Professional Office, Medical and Related Services Industrial Buildings and StructuresPublic UsesPlaces of Assembly, Entertainment and Recreation

PRICE

MARKET HIGHLIGHTS

INVESTMENT HIGHLIGHTS LOCATION HIGHLIGHTS

Madison is located in Lake County along the shores of Lake Erie. The city boasts a thriving commercial area and is an excellent community to raise a family. With easy access off of I-90, the site is centrally located in the Tourism Region of Northeast Ohio. Tourism is an intregal and driving component of the Lake Erie economy. The area is home to many Northeast Ohio wineries, the Spire Institute and Geneva-on-the-Lake.

Sale Price Not Disclosed


Property Type: Land

Located at Exit 212 of I-90 which sees ADTV of31,340.

I-90 runs along the southern shore of easternLake Erie connecting Cleveland with NEO.

In 2015 Tourism generated Business Sales in Lake County of$849.4 Million vs $804.8 Million in 2013. Ranking Lake County4th out of 21 Northeast Ohio Counties.

There are approximtely 5.5 Million people living within 2 hours ofMadison.

Tourism is a diverse composite of economic activities, includingtransportation, recreation, retail, lodging, and food & beveragesectors.

PROPERTY SPECIFICATIONS

Centrally Located in Northeast Ohio Wine Country.

Tourism is an integral and driving component of the LakeCounty economy, sustaining 8.4% of salaried employment.

Southwest Corner with Excellent Visibilty fromHighway and along Rt. 528.

Land:

Frontage: Approximately 193 Feet

Easy access to employees, customers and suppliersfor an industrial or medical parkway.

826 RIVER STREET

TOURISM SUMMARY


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826 RIVER STREET

NORTHEAST OHIO WINERIES


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A Wine Trail - Lake Erie Vines and Wines-Northeast Ohio Alongthe south shore of Lake Erie, through the valley created by the mighty Grand River, atop the ridges carved by ancient glaciers and in tiny microclimates nearby, northeast Ohio boasts more wineries per square mile than in any other region. The tiny parcel of land also is home to well over half of the winegrape acreage in the state.

As the cool winds blowing over the icy lake slow growth of tender buds in the spring and the gentle warm breezes extend the summer season into fall, and the valleys collect cold frosty spring air, winegrowing families of the area celebrate their ability to grow some of the finest grapes anywhere in the nation. Hundreds of acres of rolling, lush vineyards, award winning wines like Pinot Gris, Riesling, Pinot Noir, Chardonnay and Cabernet Franc, easy to enjoy Chambourcin and Vidal Blanc as well as local favorites made from native varieties draw tens of thousands of visitors each year for touring and sampling.

Plan a long weekend – or better yet a couple of getaway excursions to explore some of the country’s best preserved covered bridges, resort communities, antique shops, fine dining and family friendly eateries, unique museums, dozens of beds and breakfasts – and the sparkling lake itself – are all complements to the region’s star attraction: the wines and the vines of northeast Ohio. Join us on the Wines and Vines Trail and discover for yourself all there is to taste, experience and enjoy.

Source: www.ohiowines.org


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826 RIVER STREET

SPIRE INSTITUTE

About SPIRE Academy

An international, high school and postgraduate sports performance training and education academy, located within a world class event and wellness complex that has been recognized as an Official United States Olympic & Paralympic Training Site. At SPIRE, we are inspiring the best expression of the human spirit through athletics, academics, and service to others. We feel talent alone is not enough. We are looking for heart, character, and dedication to oneself and others.

The complex features 750,000 sq. ft. of Olympic-caliber indoor swimming, track & field, soccer, volleyball, football, and basketball facilities, as well as SPIRE Performance Center, SPIRE Fit, SPIRE FUEL (nutritional food center), and SPIRE Banquet Center, on the 175 acre campus.

Sports Academy and Training Camp programs, as well as recreational, club, and league programs, tournaments and events, along with world-renowned coaches in each sport are complimented by elite sports performance training specialists, as well as mental skills performance training coaches.

SPIRE Academy has proven and experienced academic partners with a variety of options for high school and postgraduate students.

Source: www.spireinstitute.org

EmmcoRealtyGroup.com 3681 S. Green Road, Suite 201 Beachwood, OH 44122 | (216)-292-3700

Lodge at Geneva-on-the-Lake to build zipline course with views of Lake Erie. Lake Erie Canopy Tours, spread across 25 acres of Geneva State Park, will feature

nine zipline sections, including a side-by-side double zip, swinging bridges, water crossings, and views of Lake Erie from two 60-foot towers. This is a $1.75 million

dollar investment that will open in Mid-Summer of 2017.

8Source: www.Cleveland.com

826 RIVER STREET

PROPERTY OVERVIEW

PROPERTY SPECIFICATIONS

826 River StreetMadison, Ohio 44057

ZONING INFORMATION

Property Type: Land

Approximately +/- 5 AcresLand:

Current Zoning:

Parcel #: 02A0020000120

County Lake

LOCATION INFORMATION

Sale Price: Not Disclosed

PRICE

PROPERTY DETAILS


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Madison is located in Lake County along the shores of Lake Erie. With easy access off of I-90, the site is centrally located in the Tourism Region of Northeast Ohio. In 2015, Tourism generated total business sales in Lake County of $849.4 Million.The area is home to many Northeast Ohio wineries, the Spire Institute and Geneva-on-the-Lake. There are approximtely 5.5 million people living within 2 hours of Madison. Located at Exit 212 of I-90 which sees ADTV of 31,340.

Restaurant

Gasoline/Diesel and Other Fuel Sales

Professional Office, Medical and Related Services

Industrial Buildings and Structures

Public UsesPlaces of Assembly, Entertainment and Recreation

Utilities:

Approximately 193 Ft.Frontage:

Water, Sewer, Electric and Gas

Opening Fall 2018 - NEW 81 Room Holiday Inn Express

Opening Late 2018 - NEW 82 Room Hampton Inn

826 RIVER STREET

MAPS & AERIALS

EmmcoRealtyGroup.com 3681 S. Green Road, Suite 201 Beachwood, OH 44122 l (216)-292-3700EmmcoRealtyGroup.com 3681 S. Green Road, Suite 201 Beachwood, OH 44122 l (216)-292-3700



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826 RIVER STREET

TAX MAP


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826 RIVER STREET

NEARBY AMENITIES

IES


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NEW! 81 Room Holiday Inn Express - OPENING Fall 2018

NEW! 82 Room Hampton Inn - OPENING Late 2018

826 RIVER STREET

DEMOGRAPHICS


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©2016 Esri

Executive Summary826 River St, Madison, Ohio, 44057 10826 River St, Madison, Ohio, 44057Rings: 1, 3, 5 mile radii

Prepared by EsriLatitude: 41.75762

Longitude: -81.04725

1 mile 3 miles 5 milesPopulation

1,497 5,613 19,7721,619 5,924 20,9891,580 5,815 20,842

2000 Population2010 Population2016 Population2021 Population 1,552 5,733 20,685

0.79% 0.54% 0.60%-0.39% -0.30% -0.11%-0.36% -0.28% -0.15%48.0% 49.4% 49.5%52.0% 50.6% 50.5%

2000-2010 Annual Rate2010-2016 Annual Rate2016-2021 Annual Rate2016 Male Population2016 Female Population2016 Median Age 42.8 44.7 44.5

In the identified area, the current year population is 20,842. In 2010, the Census count in the area was 20,989. The rate of change since 2010 was -0.11% annually. The five-year projection for the population in the area is 20,685 representing a change of -0.15% annually from 2016 to 2021. Currently, the population is 49.5% male and 50.5% female.

Median Age

The median age in this area is 42.8, compared to U.S. median age of 38.0.Race and Ethnicity

95.3% 95.8% 95.9%0.8% 0.9% 0.8%0.1% 0.1% 0.2%

2016 White Alone2016 Black Alone2016 American Indian/Alaska Native Alone2016 Asian Alone 0.6% 0.6% 0.7%

0.0% 0.0% 0.0%1.1% 1.0% 0.9%2.0% 1.6% 1.5%

2016 Pacific Islander Alone2016 Other Race2016 Two or More Races2016 Hispanic Origin (Any Race) 2.1% 2.3% 3.0%

Persons of Hispanic origin represent 3.0% of the population in the identified area compared to 17.9% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 13.4 in the identified area, compared to 63.5 for the U.S. as a whole.

Households573 2,038 7,226638 2,213 7,992628 2,191 8,023621 2,171 8,010

1.08% 0.83% 1.01%-0.25% -0.16% 0.06%-0.22% -0.18% -0.03%

2000 Households2010 Households2016 Total Households2021 Total Households2000-2010 Annual Rate2010-2016 Annual Rate2016-2021 Annual Rate2016 Average Household Size 2.49 2.56 2.53

The household count in this area has changed from 7,992 in 2010 to 8,023 in the current year, a change of 0.06% annually. The five-year projection of households is 8,010, a change of -0.03% annually from the current year total. Average household size is currently 2.53, compared to 2.56 in the year 2010. The number of families in the current year is 5,640 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Esri converted Census 2000 data into 2010 geography.

November 18, 2016

826 RIVER STREET

DEMOGRAPHICS


©2016 Esri

Executive Summary826 River St, Madison, Ohio, 44057 10826 River St, Madison, Ohio, 44057Rings: 1, 3, 5 mile radii



1 mile 3 miles 5 milesMedian Household Income

$52,267 $55,754 $55,275$61,011 $64,043 $62,780

2016 Median Household Income 2021 Median Household Income 2016-2021 Annual Rate 3.14% 2.81% 2.58%

Average Household Income

$67,432 $67,984 $67,231$75,416 $75,472 $74,601

2016 Average Household Income2021 Average Household Income2016-2021 Annual Rate 2.26% 2.11% 2.10%

Per Capita Income$26,513 $26,362 $26,469$29,828 $29,340 $29,492

2016 Per Capita Income2021 Per Capita Income2016-2021 Annual Rate 2.38% 2.16% 2.19%

Households by IncomeCurrent median household income is $55,275 in the area, compared to $54,149 for all U.S. households. Median household income is projected to be $62,780 in five years, compared to $59,476 for all U.S. households

Current average household income is $67,231 in this area, compared to $77,008 for all U.S. households. Average household income is projected to be $74,601 in five years, compared to $84,021 for all U.S. households

Current per capita income is $26,469 in the area, compared to the U.S. per capita income of $29,472. The per capita income is projected to be $29,492 in five years, compared to $32,025 for all U.S. households

Housing2000 Total Housing Units 596 2,138 7,601

446 1,674 6,098127 364 1,128

2000 Owner Occupied Housing Units2000 Renter Occupied Housing Units2000 Vacant Housing Units 23 100 375

2010 Total Housing Units 670 2,365 8,575511 1,841 6,509127 372 1,483






Currently, 72.8% of the 8,685 housing units in the area are owner occupied; 19.6%, renter occupied; and 7.6% are vacant. Currently, in the U.S., 55.4% of the housing units in the area are owner occupied; 32.9% are renter occupied; and 11.7% are vacant. In 2010, there were 8,575 housing units in the area - 75.9% owner occupied, 17.3% renter occupied, and 6.8% vacant. The annual rate of change in housing units since 2010 is 0.57%. Median home value in the area is $167,014, compared to a median home value of $198,891 for the U.S. In five years, median value is projected to change by 3.39% annually to $197,344.


November 18, 2016

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826 RIVER STREET

DEMOGRAPHICS


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©2016 Esri


November 18, 2016

Executive Summary826 River St, Madison, Ohio, 44057 11826 River St, Madison, Ohio, 44057Drive Times: 60, 120, 150 minute radii



60 minutes 120 minutes 150 minutesPopulation

2,025,322 5,515,562 8,015,4071,912,585 5,401,526 7,827,5721,890,687 5,380,301 7,816,798

2000 Population2010 Population2016 Population2021 Population 1,873,406 5,362,556 7,808,345

-0.57% -0.21% -0.24%-0.18% -0.06% -0.02%-0.18% -0.07% -0.02%48.2% 48.7% 48.7%51.8% 51.3% 51.3%

2000-2010 Annual Rate2010-2016 Annual Rate2016-2021 Annual Rate2016 Male Population2016 Female Population2016 Median Age 41.8 41.9 42.0

In the identified area, the current year population is 7,816,798. In 2010, the Census count in the area was 7,827,572. The rate of change since 2010 was -0.02% annually. The five-year projection for the population in the area is 7,808,345 representing a change of -0.02% annually from 2016 to 2021. Currently, the population is 48.7% male and 51.3% female.

Median Age

The median age in this area is 41.8, compared to U.S. median age of 38.0.Race and Ethnicity

71.6% 82.1% 83.5%21.7% 12.3% 11.0%0.2% 0.2% 0.3%

2016 White Alone2016 Black Alone2016 American Indian/Alaska Native Alone2016 Asian Alone 2.4% 1.7% 1.9%

0.0% 0.0% 0.0%1.8% 1.3% 1.1%2.3% 2.3% 2.2%

2016 Pacific Islander Alone2016 Other Race2016 Two or More Races2016 Hispanic Origin (Any Race) 4.8% 3.9% 3.6%

Persons of Hispanic origin represent 3.6% of the population in the identified area compared to 17.9% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 34.1 in the identified area, compared to 63.5 for the U.S. as a whole.

Households810,286 2,160,801 3,175,572793,045 2,184,203 3,205,653793,169 2,199,347 3,232,970790,624 2,203,482 3,245,402-0.21% 0.11% 0.09%0.00% 0.11% 0.14%

-0.06% 0.04% 0.08%

2000 Households2010 Households2016 Total Households2021 Total Households2000-2010 Annual Rate2010-2016 Annual Rate2016-2021 Annual Rate2016 Average Household Size 2.33 2.38 2.35

The household count in this area has changed from 3,205,653 in 2010 to 3,232,970 in the current year, a change of 0.14% annually. The five-year projection of households is 3,245,402, a change of 0.08% annually from the current year total. Average household size is currently 2.35, compared to 2.38 in the year 2010. The number of families in the current year is 2,030,934 in the specified area.

826 RIVER STREET

DEMOGRAPHICS


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©2016 Esri


November 18, 2016

Executive Summary826 River St, Madison, Ohio, 44057 11826 River St, Madison, Ohio, 44057Drive Times: 60, 120, 150 minute radii



60 minutes 120 minutes 150 minutesMedian Household Income

$47,435 $48,407 $48,765$53,783 $54,318 $54,130

2016 Median Household Income 2021 Median Household Income 2016-2021 Annual Rate 2.54% 2.33% 2.11%

Average Household Income

$66,950 $65,609 $66,211$73,652 $72,259 $72,712

2016 Average Household Income2021 Average Household Income2016-2021 Annual Rate 1.93% 1.95% 1.89%

Per Capita Income$28,444 $27,227 $27,789$31,444 $30,101 $30,627

2016 Per Capita Income2021 Per Capita Income2016-2021 Annual Rate 2.03% 2.03% 1.96%

Households by IncomeCurrent median household income is $48,765 in the area, compared to $54,149 for all U.S. households. Median household income is projected to be $54,130 in five years, compared to $59,476 for all U.S. households

Current average household income is $66,211 in this area, compared to $77,008 for all U.S. households. Average household income is projected to be $72,712 in five years, compared to $84,021 for all U.S. households

Current per capita income is $27,789 in the area, compared to the U.S. per capita income of $29,472. The per capita income is projected to be $30,627 in five years, compared to $32,025 for all U.S. households

Housing2000 Total Housing Units 874,598 2,333,608 3,448,613

549,164 1,534,580 2,241,604261,122 626,225 933,975

2000 Owner Occupied Housing Units2000 Renter Occupied Housing Units2000 Vacant Housing Units 64,312 172,803 273,034

2010 Total Housing Units 899,510 2,446,972 3,589,450522,531 1,512,658 2,205,361270,514 671,549 1,000,298






Currently, 58.8% of the 3,638,915 housing units in the area are owner occupied; 30.0%, renter occupied; and 11.2% are vacant. Currently, in the U.S., 55.4% of the housing units in the area are owner occupied; 32.9% are renter occupied; and 11.7% are vacant. In 2010, there were 3,589,450 housing units in the area - 61.4% owner occupied, 27.9% renter occupied, and 10.7% vacant. The annual rate of change in housing units since 2010 is 0.61%. Median home value in the area is $133,621, compared to a median home value of $198,891 for the U.S. In five years, median value is projected to change by 4.25% annually to $164,568.

826 RIVER STREET

DEMOGRAPHICS


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Site Map826 River St, Madison, Ohio, 44057 Drive Times: 60, 120, 150 minute radii



826 RIVER STREET

DEMOGRAPHICS


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Traffic Count Map - Close Up826 River St, Madison, Ohio,44057 10 826 River St, Madison, Ohio, 44057 Drive Times: 60, 120, 150 minute radii

Prepared by Esri Latitude: 41.75762


©2016 Esri

826 RIVER STREET

CONTACT INFORMATION

For more information, please contact:

John Talbot COLDWELL BANKER COMMERCIAL Emmco Realty Group3681 S. Green Rd. Suite 201Beachwood, OH 44122

Phone: (216) 292-3700 x 13Fax: (216) 292-7974Mobile: (216) [email protected]



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Documents

LAND - MADISON, OH€¦ · EmmcoRealtyGroup.com ©2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.3681 S. Green Road, Suite 201 ... local favorites