Established Grocery Store
For Sale
$600,000
2957 Pearl Ave, Lorain, OH 44055
Profitable grocery store with real estate, equipment, and licenses.
Property SizeContact for details
Lot Size0.33 Acres
Days on Market198
Property Features for 2957 Pearl Ave
General Information
Standard status
Active
Lot size
0.33 Acres
Taxes and HOA fees
Annual Taxes
$1,726
Listing Agency:
Russell Real Estate Services
(440) 396-8960
Listed By:
Fabian Candelario · License #2013001316
(440) 396-8960
Source:
Exprealty
Added: Jan 26
Changed: Aug 8
Last Checked: Jul 16 at 8:55PM
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 Russell Real Estate Services
Investment Insights
Based on property information with market context.
The property features a long-established grocery store, operating for over 30 years. The sale includes the business, all equipment, the building, and the land. This general store offers groceries, beer, wine, cigarettes, and lottery sales. The beer, wine, tobacco, and lottery licenses are available for transfer, subject to state approval. The operation is turn-key and currently generating revenue. Located in Lorain City on Pearl Ave, the property benefits from high traffic. The current owners are willing to provide training and consultation to the new buyer for an agreed-upon period. Financial details are available upon request.
Key Highlights
- Established business (30+ years) with proven track record and instant revenue generation.
- Includes business, building, land, and all equipment.
- Turn‑key operation with existing inventory and licenses (beer, wine, tobacco, lottery) transferable per state regulations.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,941 visits/mo
0.3 miles
Family Dollar
Shops & Services
4,016 visits/mo
0.5 miles
Demographics for 44055, OH
19,331
Population
9,258
Households
2.1
Avg Household Size
36
Median Age
10%
College-Educated
82%
High-School Grad
6.3 sq mi
ZIP Area
3,068
Density / Sq Mi
$36,603
Median Household Income
$30,631
Median Earnings
$848
Median Rent
$95,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Key Food Supermarket — 1602 E 28th St, Lorain, OH 44055
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Profitable grocery store with real estate, equipment, and licenses.
Where is this grocery and convenience store located?
The property is located at 2957 Pearl Ave Lorain, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Established business (30+ years) with proven track record and instant revenue generation.; Includes business, building, land, and all equipment.; Turn‑key operation with existing inventory and licenses (beer, wine, tobacco, lottery) transferable per state regulations.
