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    2957 Pearl Ave Lorain, OH 44055

    For Sale
    $500,000

    SINGLE_FAMILY - Lorain, OH

    Type:Retail
    Lot size:
    0.33 Acres
    Days on Market:
    311
    Last Refresh:
    Dec 8 at 5:06 am

    Property Features for 2957 Pearl Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Active
    APN
    03-00-096-116-012
    Lot size
    0.33 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1962
    Roof type
    Asphalt, Fiberglass

    Russell Real Estate Services (440) 268-9491 [email protected]

    Listing agent Fabian Candelario (440) 396-8960 License #2013001316

    Listing date Feb 1, 2025

    Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Grocery Store Opportunity

    This offering includes the business, equipment, building, and land of an established neighborhood general store that has been in operation for over 30 years. The store is located in the heart of Lorain City on Pearl Avenue, benefiting from heavy traffic. The business features groceries, beer, wine, cigarettes, and lottery sales. Beer, wine, tobacco and lottery licenses are available for transfer per the state. The sale includes all equipment, presenting a turn-key operation with immediate revenue potential. The property has a lot size of 0.33 acres. The current owners are willing to provide training and consultation to the new buyer for an agreed-upon period. Financials are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Roman's Groceries Grocery Store ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Key Food Supermarket

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.136359
    Latitude
    41.44364

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    FAQs

    What type of property is this?
    Grocery and convenience store - Profitable grocery store with real estate, equipment, and licenses included.
    Where is this grocery and convenience store located?
    The property is located at 2957 Pearl Ave Lorain, OH.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Established business (30+ years) with a proven track record.; - Turn-key operation with immediate revenue generation.; - Includes business, equipment, building, and land.
    (440) 396-8960
    Request Owner's contact information
    2957 Pearl Ave Lorain, OH 44055
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    Lorain, OH 44055
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2957 Pearl Ave Lorain, OH 44055
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