Property profile

916 Broadway Ave Lorain, OH 44052

OFF-MARKET
Retail properties & Spaces
3,550 SF 0.08 ac lot Built 1940
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Property summary

AI-generated overview

This exceptional 3,550 square foot storefront, located at 916 Broadway Avenue in Lorain, Ohio, presents a compelling investment opportunity. Situated on a 0.075-acre lot (APN 0201003120020), this single-story, Class B building boasts a prime location on Broadway Avenue. Built in 1940, the property is zoned MU and offers a single tenancy. Ideal for both owner-occupancy and rental income generation, this versatile space is perfect for a variety of retail or office uses. The property's substantial size provides ample room for a wide range of business ventures. Its prominent Broadway Avenue address ensures high visibility and accessibility, attracting significant foot traffic. The asking price is $375,000. This is a rare chance to acquire a well-positioned commercial property in a thriving Ohio community. Don't miss this chance to secure a strong investment in a high-traffic area. The property's single-story design and ample square footage offer flexibility and potential for customization to suit specific business needs. Its location in Lorain, Ohio, provides access to a robust local market and convenient transportation links.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1940
Total area 3,550 SF
Lot 0.08 ac (3,267 SF)

Cap rate & NOI

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

Location

916 Broadway Ave 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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