Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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