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Prime Out-Lot Opportunity
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27048 Lorain Rd, North Olmsted, OH 44070

Located on Lorain Road with high visibility and traffic.

Space SizeContact for details
Lot Size0.70 Acres
Days on Market694

Property Features for 27048 Lorain Rd

General Information

Standard status Active
Lot size 0.70 Acres
Property subtype LAND

Spaces For Lease

at 27048 Lorain Rd Contact us

27048 Lorain Rd

Type
LAND
Rate
Contact for pricing
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Premier out-lot opportunity on Lorain Road and Dover Center Road in North Olmsted...
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Listing Agency: CBRE | Cleveland
Listed By: Joseph Khouri · License #2008000837
Source: Moodyscre
Added: Oct 14, 2024 Changed: Sep 4 Last Checked: Sep 7 at 11:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Cleveland

Investment Insights

Based on property information with market context.

This premier out-lot opportunity is located on Lorain Road and Dover Center Road in North Olmsted, benefiting from a traffic signal at the main entrance. The site offers 4,000 square feet for lease as a build-to-suit option or approximately 0.70 acres for sale. Situated next to a new Starbucks and Swensons, the location provides full access to both Lorain and Dover Center. The property features excellent direct street front visibility along a densely populated corridor with high sales volume and traffic. Traffic counts reach 34,726 vehicles per day at the corner of Dover Center Road and Lorain Road. The location benefits from its position within a super regional trade area, near Great Northern Mall, which is anchored by Dillard’s, Macy’s, Dick’s Sporting Goods, and Home Depot. The site has approximately 165 feet of frontage along Lorain Road. It is located within a dense population of 165,646 people within a 5-mile radius, with a daytime population of 170,337 people in the same area. The average household income within a 5-mile radius is $99,511.

Key Highlights

  • High traffic location: 34,726 VPD at the corner of Dover Center Road & Lorain Road.
  • Excellent visibility and access: Direct street frontage on Lorain Road with full access to both Lorain and Dover Center.
  • Located next to new Starbucks and Swensons.

Property Analytics

Current Use

Space Shop Self ... Storage Facility

Suggested Use

Top Pick Law Firm Real Estate Agency Kitchen & Bath Showroom HVAC Service Building Supply Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

633
Businesses Nearby

Demographics for 44070, OH

32,442
Population
13,953
Households
2.3
Avg Household Size
44
Median Age
33%
College-Educated
95%
High-School Grad
11.7 sq mi
ZIP Area
2,773
Density / Sq Mi
$85,435
Median Household Income
$49,900
Median Earnings
$1,092
Median Rent
$202,400
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Located on Lorain Road with high visibility and traffic.
Where is this commercial land located?
The property is located at 27048 Lorain Rd North Olmsted, OH.
What are key features of this property?
This property features: High traffic location: 34,726 VPD at the corner of Dover Center Road & Lorain Road.; Excellent visibility and access: Direct street frontage on Lorain Road with full access to both Lorain and Dover Center.; Located next to new Starbucks and Swensons.
(216) 658-6120 Call to check price and availability
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