23Rd St Lorain, OH 44052
- Land
- 0.47 lot acres
Current Use by Public Records
- Land
Property Details for 0 23Rd St
- Lot size
- 0.47 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Longitude
- -82.1605
- Latitude
- 41.4637
