12289 Leavitt Rd Oberlin, OH 44074
For Lease
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This exceptional retail opportunity is located at 12289 Leavitt Road in Oberlin, Ohio, within Lorain County's CLE - Northwest submarket. The property consists of two single-story buildings totaling 8,800 square feet situated on a 7-acre lot. The property is currently multi-tenant, offering flexible space options. Two units are immediately available for lease. Unit A offers 1,795 square feet of contiguous space, representing a prime location within this thriving retail center. Unit E provides 1,725 square feet of retail space. The minimum divisible space is 1,760 square feet, allowing for adaptability to various business needs. A significant portion of the property is currently vacant, totaling 3,555 square feet, presenting a unique chance for expansion or new tenancy. The center benefits from a strong anchor tenant, Discount DrugMart, ensuring high foot traffic and visibility. This property is ideal for businesses seeking a prominent location in a well-established retail environment. The property's location in Oberlin, Ohio, offers easy access to major transportation routes and a strong local customer base. This is a rare opportunity to secure retail space in a desirable location with significant potential for growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
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.