1670 Cooper Foster Park Rd W Lorain, OH 44053
For Sale
1 / 9
This exceptional commercial property, located at 1670 Cooper Foster Park Road W in Lorain, Ohio, presents a unique investment opportunity. The building, situated on a 0.48-acre lot, comprises four individual office suites, each originally constructed at approximately 1000 square feet. The building's history includes use as a medical office, demonstrating its suitability for healthcare-related businesses. Currently, one suite remains occupied by the owner, an attorney, highlighting the property's potential for continued income generation. The sale price is $500,000. This presents a chance to acquire a well-located, established office building with the potential for immediate income and future development. The existing layout offers flexibility for a variety of professional uses, allowing for customization to suit the needs of new tenants. The property's location in Lorain, Ohio, provides convenient access to local amenities and transportation routes. The 0.48-acre lot offers ample space for potential expansion or outdoor amenities. This is an ideal opportunity for investors seeking a stable, income-producing asset in a growing market. The property is being sold as-is. Serious inquiries are encouraged. Further details are available upon request.
-
Robert J Gargasz Co Physician
-
Top Driver Vocational School
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.