2201 Park Dr, Lorain, OH 44053-1158
This exceptional 3.35-acre commercial property, located at 2201 W Park Drive in Lorain, Ohio, presents a significant investment opportunity. The expansive lot offers considerable potential for a wide range of business ventures, providing ample space for development and expansion. Its strategic location in Lorain offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving community. The property's size and versatility allow for diverse development options, from large-scale retail or industrial projects to smaller-scale commercial enterprises. The asking price of $1,275,000 reflects the significant value and potential inherent in this prime commercial real estate. Detailed site plans and zoning information are readily available upon request, allowing prospective buyers to fully assess the development possibilities. This is a rare opportunity to acquire a substantial commercial property in a desirable location with significant growth potential. Serious inquiries are encouraged to explore the possibilities and secure this exceptional investment. The property is being offered as-is. Further due diligence is recommended by prospective buyers. This is a unique chance to establish a thriving business in a dynamic and growing market. Don't miss this chance to own a significant piece of Lorain's commercial landscape.
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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.