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4940 Oberlin Ave Lorain, OH 44053

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For Sale
$260,000

All-brick building, versatile, strong cash flow.

Property Features for 4940 Oberlin Ave

General Information

Property type
Other commercial real estate
Lot Size
11,326 SF

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Listing Contact
Doug George

Listing Agency: Howard Hanna - Amherst Listing Agent: Doug George

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional all-brick commercial property, located at 4940 Oberlin Avenue in Lorain, Ohio, presents a fantastic investment opportunity. Situated on a 0.26-acre lot, the building boasts numerous recent improvements, ensuring both functionality and longevity. The structure is currently utilized as a childcare center, with a month-to-month tenant responsible for utilities (water, electric, heat) and a portion of the trash removal costs. The owner maintains lawn care. The current tenant expresses a desire to remain, offering immediate cash flow potential. However, the building's versatility allows for a wide range of alternative uses, making it an attractive option for various businesses. Significant upgrades include replacement windows, a new furnace (installed 3-4 years ago), a roof replacement (8 years ago), a hot water tank replacement (5 years ago), footer tiles around the entire perimeter (installed 15 years ago), and concrete work completed 15 years ago. The lower level is fully finished, featuring two convenient access points, multiple restrooms, and a mini-kitchenette, adding significant value and flexibility to the space. The asking price is $260,000. This property offers a compelling blend of immediate income potential and long-term growth prospects.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Rita's Christian Academy Daycare Center

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Lorain
County
Lorain
State
Ohio
Longitude
-82.18602
Latitude
41.42407

FAQs

What type of property is this?
Commercial real estate - All-brick building, versatile, strong cash flow.
Where is this commercial real estate located?
The property is located at 4940 Oberlin Ave Lorain, OH.
What is the asking price?
The asking price for this property is $260,000.
More about this property
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