506 Broadway Lorain, OH 44052
- Office Properties & Spaces
- 3,978 SF
- 0.07 lot acres
Current Use by Public Records
- Pure Ambience Body of a Goddess / Health And Beauty Shop
- First Step STNA Certification Program / College / Educational Institution
Property Details for 506 Broadway
- Year built
- 1925
- Lot size
- 0.07 lot acres
- Property size
- 3,978 SF
- Property type
- Office Properties & Spaces
- APN
- 02-01-004-700-001
- APU
- 201004700001
Description
This exceptional 4,000 square foot mixed-use property at 506 Broadway Unit 1, Lorain, OH, presents a remarkable opportunity for a discerning investor or business owner. Situated on a 0.01-acre lot in the heart of Lorain's revitalized Broadway Streetscape, this first-floor space offers unparalleled visibility and accessibility. Its versatile layout is perfectly suited for a wide range of commercial ventures, including retail establishments, restaurants, or professional offices. The prime downtown location ensures high foot traffic and exposure to a thriving community. The property's substantial size provides ample space for creative business development and expansion. This is an exceptional chance to establish a presence in a dynamic and rapidly growing area. The asking price of $255,000 reflects the significant value and potential of this unique property. Don't miss this opportunity to secure a prominent location in the heart of Lorain's revitalized downtown. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Longitude
- -82.1764
- Latitude
- 41.4664
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
