0 Pearl Ave Lorain, OH 44055
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.
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
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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.