Former Auto Dealership Redevelopment
16100 Lorain Ave Cleveland, OH 44111
For Sale
Contact for pricing
Former auto dealership on 2.46 acres with 260 feet of frontage on Lorain Avenue, zoned for local retail.
Property Size28,794 SF
Lot Size2.46 Acres
Price / SF$92.03
Days on Market272
Property Features for 16100 Lorain Ave
General Information
Standard status
Active
Size
28,794 SF
Lot size
2.46 Acres
Property subtype
RETAIL
Listing Agency:
CBRE | Cleveland
(216) 658-6120
Listed By:
Joseph Khouri · License #2008000837
(216) 658-6120
Source:
Moodyscre
Added: Oct 31, 2025
Changed: Jul 29
Last Checked: Jul 29 at 8:44AM
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 offering includes a former auto dealership building totaling 28,794 square feet on approximately 2.46 acres, with additional land opportunity also available. The property is classified for Local Retail District use.
The site features 260 feet of frontage on Lorain Avenue. It is located within an 8-minute drive of Cleveland Hopkins International Airport and about 15 minutes from downtown Cleveland.
Area context includes proximity to Cleveland Clinic Fairview Hospital, listed as a 488-bed community hospital with a Level II Trauma Center. The Lorain Avenue corridor is reported with strong traffic counts, supporting continued retail and redevelopment interest along this frontage.
The site features 260 feet of frontage on Lorain Avenue. It is located within an 8-minute drive of Cleveland Hopkins International Airport and about 15 minutes from downtown Cleveland.
Area context includes proximity to Cleveland Clinic Fairview Hospital, listed as a 488-bed community hospital with a Level II Trauma Center. The Lorain Avenue corridor is reported with strong traffic counts, supporting continued retail and redevelopment interest along this frontage.
Key Highlights
- ±28,794 SF former auto dealership (Ganley Ford West) for sale or lease
- ±2.46 AC site with ±260’ frontage on Lorain Avenue
- Zoned Local Retail District
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.4k | $5.64 |
| − Vacancy | −$4.2k | −$0.15 |
| EGI | $158.2k | $5.49 |
| − OpEx | −$47.5k | −$1.65 |
| NOI | $110.7k | $3.85 |
28,794 SF · lease $5.64/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.95M
$3.46M – $4.61M
NOI $276,638 @ 7.0% cap · market cap 10.44%
Second Best
Industrial
$1.58M
$1.38M – $1.85M
NOI $110,723 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$5.42M
$4.74M – $6.33M
NOI $379,509 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Carpet Center USA — 15100 Lorain Ave, Cleveland, OH 44111
Frequently Asked Questions
What type of property is this?
Showroom - Former auto dealership on 2.46 acres with 260 feet of frontage on Lorain Avenue, zoned for local retail.
Where is this showroom located?
The property is located at 16100 Lorain Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: ±28,794 SF former auto dealership (Ganley Ford West) for sale or lease; ±2.46 AC site with ±260’ frontage on Lorain Avenue; Zoned Local Retail District
