Prime Out-Lot
For Lease
$700,000
27048 Lorain Road, North Olmsted, OH 44070
Located on Lorain Road with high visibility and traffic.
Space SizeContact for details
Lot Size0.70 Acres
Days on Market151
Property Features for 27048 Lorain Road
General Information
Standard status
Active
Lot size
0.70 Acres
Property subtype
Land
Listing Agency:
CBRE - Cleveland
(216) 658-6120
Listed By:
Joseph Khouri · License #2008000837
(216) 658-6120
Source:
Cbre
Added: Mar 25
Changed: Aug 12
Last Checked: Aug 21 at 9:19AM
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
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Explore this area
Business Placement
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
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 Road North Olmsted, OH.
What is the lease rate?
The lease rate is $700,000.
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.
