2700 Colorado Ave Lorain, OH 44052

This exceptional 5.63-acre industrial land parcel in Lorain, Ohio, presents a unique investment opportunity. Located at 2700 Colorado Ave, this property boasts 231 feet of direct frontage on Colorado Avenue and is zoned I-1 Light Industrial, allowing for diverse development options. The site comprises two parcels (APN: 03-00-055-121-023, 03-00-055-121-025) and benefits from pre-approved plans for a 71-unit boat storage facility, including complete floorplans, survey, architectural drawings, and a geotechnical report. Its strategic location is further enhanced by its designation as an Opportunity Zone and its proximity to the Lorain KartPlex, a large mixed-use development under construction less than a mile away, projected for completion in 2025. This development will include indoor and outdoor racing tracks, retail, a corporate training center, eSports arena, and a restaurant/brewery. Lorain's popularity as a boating destination, with numerous marinas and public boat launches, adds to the site's appeal. An adjacent 0.56-acre city-owned lot offers potential for expansion, increasing frontage and overall property size. The asking price for this ready-to-develop site is $299,000. This is a rare chance to capitalize on a prime location with significant development potential in a thriving area.