2223 Broadway, Lorain, OH 44052-3647
This unique investment opportunity presents a commercially zoned warehouse located at 2223 Broadway, Lorain, Ohio, situated on a 0.08-acre lot. Previously utilized as a bar on the lower level and apartments upstairs, the property is currently uninhabitable and requires complete remodeling. However, this presents a significant upside for the right investor. The building offers substantial potential for redevelopment, given its commercial zoning and existing structure. A key feature is the inclusion of an outdoor bar area and additional patio space behind the building, adding significant value and potential for various business ventures. The property is being sold "as-is" and requires a cash purchase. Note that no liquor license is included in the sale. The asking price is $65,000. This presents a rare chance to acquire a property with considerable potential in a desirable location, ideal for those seeking a high-return investment project. The square footage is not currently specified. Serious inquiries only.
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.