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Property profile & analytics
OFF-MARKET
Turn key restaurants

1903 Oberlin Ave Lorain, OH 44052-3959

1,232 SF 0.39 ac lot Built 1957
Individually Owned 1-yr Hold Free & Clear
Property ID
US66-2264606
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
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Zachary J Hofacre · 1 yrs held
Zachary J Hofacre
since 2025
Last sale
$95,000
2 recorded transactions
2025
$95,000
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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