Property profile

0 Colorado And Fillmore Ave Lorain, OH 44052

OFF-MARKET
Retail properties & Spaces
2.57 ac lot
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Property summary

AI-generated overview

This exceptional 8.36-acre commercial land parcel presents a unique investment opportunity in Lorain, Ohio. Strategically located on Colorado and Fillmore Ave, this property is zoned B-2 (General Commercial) and offers flexibility for build-to-suit, ground lease, or outright sale. The site comprises two parcels: 2.57 acres and 5.79 acres, providing options for various development scenarios. Its prime location positions it within a thriving retail corridor, boasting proximity to established businesses such as McDonald's, Wendy's, Discount Drug Mart, Dollar Tree, and several other national and local chains. Furthermore, its advantageous location is approximately half a mile from the future site of McCrone Motorsports, a 200+ acre motorsports complex, promising significant future growth and increased traffic in the area. The presence of major employers like VERTIV, Emerson Manufacturing, and Camaco Manufacturing further strengthens the area's economic vitality. This property offers exceptional potential for developers seeking to capitalize on the burgeoning commercial landscape of Lorain. The property is currently vacant and ready for immediate development. APN numbers are 0300053106024 and 0300054105031.

Property profile

Verified
Property type Retail properties & Spaces
Lot 2.57 ac (111,949 SF)

Cap rate & NOI

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

Location

Colorado And Fillmore 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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