Technical
Financial
Distress signals
Property profile

1903 Oberlin Ave Lorain, OH 44052

OFF-MARKET
Turn key restaurants
Property ID
US66-2264606
1,232 SF 0.39 ac lot Built 1957
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,232 square foot retail building presents a compelling investment opportunity in the heart of Lorain, Ohio. Situated on a 0.39-acre lot, this freestanding structure boasts a prominent corner location with ample on-site parking, ensuring easy access and high visibility for potential tenants. The building's zoning allows for a diverse range of uses, including retail storefront operations, fast-food establishments, or auto repair services. Its versatile design and convenient location near downtown Lorain and surrounding communities make it an ideal choice for entrepreneurs and investors seeking a strong return. The property's substantial parking lot provides convenient parking for customers and employees. The building's existing infrastructure offers a solid foundation for immediate occupancy or potential renovations to suit specific business needs. This is a rare chance to acquire a well-positioned commercial property in a thriving area with significant growth potential. The asking price of $98,900 represents an attractive entry point into the Lorain commercial real estate market. Don't miss this chance to secure a valuable asset in a dynamic and growing community. Act quickly to capitalize on this exceptional investment opportunity.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1957
Total area 1,232 SF
Lot 0.39 ac (16,988 SF)
APN 02-01-006-140-001
UPID US66-2264606

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1903 Oberlin Ave Lorain, OH 44052-3959
Lorain metro Census 97300 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$85k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$95k

Owner & transaction history

since 2025
Last sale
$95,000
2 recorded transactions
2025
$95,000
2004
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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