Property profile

916 Broadway Ave Lorain, OH 44052

OFF-MARKET
Retail properties & Spaces
Built 1940
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Property summary

AI-generated overview

This exceptional 3,550 square foot commercial property, located at 916 Broadway Avenue, presents a unique opportunity for a single-tenant business. Situated on a 0.075-acre lot in Lorain County, this building boasts a convenient location perfect for immediate occupancy. Constructed in 1940, the single-story Class B building offers ample space for a variety of uses, as indicated by its MU zoning. The property features a total of 3,550 square feet of usable space, ideal for an office or retail operation. While there are no designated parking spaces on the property itself, the convenient location may offer ample street parking or nearby options. The property's single-tenant occupancy ensures exclusive use and control. The building's history adds character and charm, making it a distinctive location for any business seeking a unique and established presence. The property's APN is 0201003120020. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location. The property is ready for immediate use, eliminating the need for extensive renovations or upgrades. This makes it an attractive option for businesses looking for a quick and efficient move-in process. The property's single-story design offers easy accessibility and efficient use of space. This is a must-see for businesses seeking a prime location in Lorain County.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1940

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
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Value estimations

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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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