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Property profile & analytics
OFF-MARKET
Office buildings

2507 Erie Ave Lorain, OH 44053-1055

2,998 SF 0.46 ac lot Built 1976
Individually Owned 5-yr Hold Free & Clear
Property ID
US66-6246880
Property summary
AI-generated overview

This exceptional retail property, located at 2507 W Erie Ave in Lorain, Ohio, presents a compelling investment opportunity. The 3,500 square foot building sits on a sizable 0.82-acre corner lot, offering excellent visibility and accessibility. Its strategic location on US-6, a major thoroughfare boasting an impressive 8,302 vehicles per day (VPD), ensures high traffic volume and significant exposure to potential customers. The property is zoned for retail use, providing flexibility for a variety of commercial ventures. Ample parking is available, enhancing convenience for both employees and patrons. The building's proximity to Lake Erie adds to its desirability and potential for attracting a diverse clientele. Offered at $350,000, this property represents a strong value proposition for investors seeking a well-situated retail space in a thriving Ohio market. The 44053 zip code offers a strong local demographic. This is a rare opportunity to acquire a prime retail location in Lorain County. Don't miss out on this chance to own a piece of Lorain's vibrant commercial landscape.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1976
Total area 2,998 SF
Lot 0.46 ac (20,038 SF)
APN 02-02-023-105-001
UPID US66-6246880
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
Current use
Occupant on record · Public records
  • SRL SAHER LLC Car Dealership
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
Sami A F Saher · 5 yrs held
Sami A F Saher
since 2020
Last sale
$350,000
4 recorded transactions
2020
Price N/A
2019
$20,000
2004
$135,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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