Property profile

0 23Rd St Lorain, OH 44052

OFF-MARKET
Land
0.47 ac lot
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Property summary

AI-generated overview

This exceptional 0.466-acre commercial lot, located at the corner of Broadway and E 23rd Street in Lorain, Ohio (zip code 44052), presents a unique investment opportunity. The property, encompassing APN numbers 0201003174007, 0201003174008, 0201003174009, 0201003174010, and 0201003174006, is zoned B-2, allowing for a variety of commercial uses. Currently generating income through a billboard lease and providing employee parking for a nearby business, this property offers immediate return on investment. Its strategic location near shopping and the downtown area ensures high visibility and accessibility. The asking price is $79,900, representing a rare combination of price and location in a promising Lorain market. This property's potential for future growth is significant, making it an attractive addition to any commercial real estate portfolio. The convenient location, existing income stream, and B-2 zoning combine to create a compelling investment opportunity with substantial upside. Don't miss this chance to acquire a prime piece of Lorain real estate.

Property profile

Verified
Property type Land
Lot 0.47 ac (20,299 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

23Rd St Lorain, OH 44052
Lorain metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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