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    OFF-MARKET
    Warehouses

    1270 Colorado Ave, Lorain, OH 44052-3314

    7,540 SF 0.53 ac lot
    Entity Owned Free & Clear
    Property ID
    US66-5178415
    Property summary
    AI-generated overview

    This offering presents a strategic opportunity to acquire two vacant industrial buildings totaling 7,540 square feet situated on 2.72 acres in Lorain, Ohio. The main building at 1270 Colorado Avenue comprises 7,540 square feet of single-story space, featuring a 12-foot ceiling height and one drive-in. The property is zoned for Light Industrial use and benefits from its convenient location within five miles of I-90, near the intersection of Route 2 and I-80 (Ohio Turnpike), and situated between US 6 and OH SR 57. This location offers excellent access to major transportation arteries. Furthermore, the property is located within Lorain County Opportunity Zone 39093023000, potentially providing preferential tax treatment. The building is currently vacant, presenting a blank canvas for a new owner's vision. A 35-minute drive (23 miles) connects the property to Cleveland and Cleveland-Hopkins International Airport. The asking price for this building is $299,000. Note that this listing is for 1270 Colorado Avenue only

    Property profile
    Verified
    Property type Warehouses
    Use group MINI-WAREHOUSE, STORAGE
    Total area 7,540 SF
    Lot 0.53 ac (23,087 SF)
    APN 02-00-051-141-039
    UPID US66-5178415
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    1270 Colorado Avenue LLC
    1270 Colorado Avenue LLC
    since 2025
    Last sale
    $440,000
    3 recorded transactions
    2025
    $270,000
    2024
    2023
    $440,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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