Vl Lorain, OH 44053
This exceptional commercial property presents a rare opportunity to acquire 3.13 acres of prime lakefront land in Lorain, Ohio. The property consists of three combined lots totaling over three acres, offering significant development potential. Its strategic location offers excellent visibility and accessibility, making it an ideal site for a variety of retail businesses. The property's lakefront position provides a unique and attractive setting, enhancing its appeal to potential customers and tenants. The land is situated west of a car wash, benefiting from existing nearby businesses and traffic flow. This expansive parcel offers ample space for a stand-alone building, allowing for customized design and construction to meet specific business needs. The substantial acreage provides flexibility for various development plans, including ample parking and potential for future expansion. Given its size, location, and lakefront access, this property represents a compelling investment opportunity for entrepreneurs and developers seeking a high-impact commercial venture in a desirable location. Serious inquiries are encouraged to explore the possibilities this unique property offers. The asking price is $189,000.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.