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Property profile & analytics
OFF-MARKET
Specialty properties

0 Pearl Ave Lorain, OH 44055

0.7 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.7-acre commercial land parcel presents a unique investment opportunity in Lorain, Ohio. Located conveniently north of North Ridge Road (Route 254), the property is easily accessible via Pearl Avenue and Maple Road. The site comprises five contiguous lots, with four facing Pearl Avenue and one facing Maple Road, offering versatile development potential. Currently zoned Light Industrial 1, this property boasts readily available utilities and public water/sewer services at the street, simplifying infrastructure connections. Its strategic location ensures easy access to major highways, making it an ideal site for various industrial or commercial ventures. The absence of existing structures allows for complete design flexibility, catering to a wide range of development plans. The asking price is $33,500, representing a compelling entry point into the Lorain commercial real estate market. This property's prime location and zoning make it an attractive option for businesses seeking a strategic foothold in a thriving industrial area. The combined lots provide ample space for construction or expansion, making it a highly desirable asset for investors and developers alike. The property is situated in Lorain County, Ohio, with a zip code of 44055.

Property profile
Verified
Property type Specialty properties
Lot 0.7 ac (30,492 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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