1903 Oberlin Ave Lorain, OH 44052-3959
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.
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.