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    14039 Lorain Ave Cleveland, OH 44111

    Sponsored
    For Lease
    Contact for pricing

    ±0.4-acre lot, prime commercial location.

    Lot size:
    17,424 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This ±0.4-acre commercial lot presents a unique investment opportunity. Strategically located near the highly visible intersection of Lorain Avenue and West 140th Street, this property enjoys excellent visibility and accessibility. Its adjacency to a Wendy's restaurant further enhances its desirability. The site is zoned for commercial use, offering flexibility for a variety of development options. The area boasts a substantial population base, with over 300,000 residents within a 5-mile radius, ensuring a strong potential customer base for any commercial venture. Convenience is a key feature, with proximity to public transportation; the property is situated just 0.5 miles from the RTA West Park Rapid Station Park and Ride, providing easy access for commuters and employees. Furthermore, the location benefits from the presence of numerous major retailers in close proximity, including Starbucks, Popeye's, Subway, Aldi, Marcs, Ross, Big Lots, and Burlington, creating a vibrant and thriving commercial environment. The property's APN is 022-01-013. This parcel is available for sale or ground lease, making it an attractive proposition for both developers and investors seeking a strategic foothold in a densely populated and commercially active area. The single-tenant zoning provides a clear path for development.

    Property Features for 14039 Lorain Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,424 SF

    Unit(s) available at that property

    Space
    Size
    17,424 SF

    HighLights

    • +/- 0.4‑acre commercial lot available for sale or ground lease.
    • High‑traffic location at Lorain Ave & W. 140th Street, adjacent to Wendy's.
    • Densely populated area; over 300,000 residents within a 5‑mile radius.
    • 0.5 miles from RTA West Park Rapid Station Park and Ride.
    • Excellent proximity to major retailers including Wendy's, Starbucks, Popeye's, Subway, Aldi, Marcs, Ross, Big Lots, and Burlington.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.791032858578
    Latitude
    41.454867178149

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    FAQs

    What type of property is this?
    Land - ±0.4-acre lot, prime commercial location.
    Where is this land located?
    The property is located at 14039 Lorain Ave Cleveland, OH.
    What are key features of this property?
    This property features: +/- 0.4-acre commercial lot available for sale or ground lease.; High-traffic location at Lorain Ave & W. 140th Street, adjacent to Wendy's.; Densely populated area; over 300,000 residents within a 5-mile radius.
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    Cleveland, OH 44111
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14039 Lorain Ave Cleveland, OH 44111
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