2709 Broadway Lorain, OH 44052-4835
This exceptional freestanding retail property, located at 2709 Broadway Avenue in Lorain County, Ohio, offers 11,208 square feet of versatile space. Previously occupied by a Rite Aid, this single-tenant building sits on a 1.06-acre lot and presents a significant opportunity for a variety of retail businesses. The property boasts a brand-new roof (installed in 2023) and three recently installed HVAC units, ensuring efficient and cost-effective operation. Its prime location benefits from exceptional visibility and high traffic volume, with combined daily traffic counts of 20,904 vehicles per day at the nearby intersections of Broadway Avenue and East 28th Street. This strategic location places the property in close proximity to a thriving retail corridor, alongside established businesses such as Walgreens, Dairy Mart, AutoZone, Rent-A-Center, Advanced Auto Parts, and Little Caesars Pizza, creating a strong synergy and attracting a substantial customer base. The property is zoned General Commercial (B-2), offering flexibility for a range of retail uses. This turnkey opportunity combines a desirable location, modern building systems, and ample space, making it an ideal investment for discerning buyers seeking a high-traffic retail presence in a well-established commercial area. The property's size and location make it suitable for a variety of retail concepts.
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higi Physician
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Steven A. Lindsey Sr, RPH Pharmacy
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Rite Aid Pharmacy
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Rite Aid Pharmacy Pharmacy
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Western Union Bank Credit Union
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.