916 Broadway Ave Lorain, OH 44052
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.