Building Details

Year Built 1955

Listing Agency: Cushman & Wakefield CRESCO Real Estate

Listed By: Max Ferguson · License #SAL.2024001884

Source: Crexi

Added: Jul 18, 2024 Changed: Aug 8 Last Checked: Aug 8 at 2:57PM

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Investment Insights

Based on property information with market context.

This property presents an investment opportunity in a desirable neighborhood. The property is suitable for apartment buildings, multifamily properties, and residential income properties. The property size is 38115 square feet.

Key Highlights

• Investment opportunity
• Desirable neighborhood
• Year built: 1955

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Daycare Center Home Appliance Store Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

625

Businesses Nearby

Explore this area Business Placement

Demographics for 44126, OH

17,235

Population

8,099

Households

2.1

Avg Household Size

43

Median Age

47%

College-Educated

96%

High-School Grad

4.5 sq mi

ZIP Area

3,830

Density / Sq Mi

$77,944

Median Household Income

$49,851

Median Earnings

$966

Median Rent

$225,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property for sale in Fairview Park, Ohio.

Where is this apartment building located?

The property is located at 20580 Lorain Rd Fairview Park, OH.

What is the asking price?

The asking price for this property is $3,400,000.

What are key features of this property?

This property features: Investment opportunity; Desirable neighborhood; Year built: 1955