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    2957 Pearl Ave Lorain, OH 44055

    For Sale
    $500,000

    Established Grocery Store, Turnkey Operation

    Property size:
    1,624 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    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 Features for 2957 Pearl Ave

    General Information

    Property type
    Retail properties
    Square Feet
    1,624 SF
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1962
    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.

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.13632
    Latitude
    41.4437

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    FAQs

    What type of property is this?
    Retail property - Established Grocery Store, Turnkey Operation
    Where is this retail property 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.
    (440) 327-6511
    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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