1270 Colorado Ave, Lorain, OH 44052-3314
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
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
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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.