2507 Erie Ave Lorain, OH 44053-1055
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.
-
SRL SAHER LLC Car Dealership
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.