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Property profile & analytics
OFF-MARKET
Commercial land

2957 Pearl Ave Lorain, OH 44055-1836

0.16 ac lot
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US66-5689610
Property summary
AI-generated overview

This exceptional opportunity presents a well-established grocery store located at 2957 Pearl Avenue in Lorain, Ohio. The property encompasses a 1,624 square foot building situated on a 0.33-acre lot, offering a prime location in the heart of Lorain City with high traffic volume. This turnkey operation boasts over 30 years of successful business history, providing a strong foundation for continued growth. The sale includes the building, land, and all existing equipment, ensuring a seamless transition for the new owner. The business currently offers a diverse range of products including groceries, beer, wine, cigarettes, and lottery tickets. All necessary licenses for the sale of beer, wine, tobacco, and lottery are transferable according to state regulations. The current owners are committed to providing comprehensive training and consultation to the new buyer for a mutually agreed-upon period, facilitating a smooth transition and ensuring continued success. Financial details are available upon request, allowing potential buyers to thoroughly assess the profitability and potential of this established business. This is a rare opportunity to acquire a profitable, established business with a proven track record in a high-traffic location. The combination of a strong business model, prime location, and owner support makes this an attractive investment for a discerning buyer. Don't miss this chance to own a thriving retail establishment in a vibrant community.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.16 ac (6,970 SF)
APN 03-00-096-116-011
UPID US66-5689610
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Roman's Groceries Grocery & Convenience Store Food Market
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
James Roman Reyes · 4 yrs held
James Roman Reyes
since 2022
2 recorded transactions
2022
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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