2853 Grv Ave Lorain, OH 44055-2041
- Retail space
- 11,312 SF
- 0.11 lot acres
Current Use by Public Records
- Ashley J. Kenzik, PharmD / Pharmacy
- Neil Messerly, RPH / Pharmacy
- Rite Aid / Greeting Card Shop / Drug Store
- Rite Aid Photo / Photo Lab
- Western Union / Money Transfer Service
Property Details for 2853 Grv Ave
- Year built
- 1998
- Lot size
- 0.11 lot acres
- Property size
- 11,312 SF
- Property type
- Retail space
- APN
- 03-00-083-105-001
- APU
- 300083105001
Description
This exceptional 11,312-square-foot retail property, located at 2853 Grove Avenue in Lorain, Ohio, presents a significant opportunity for businesses seeking a prominent location. Built in 1998, the single-tenant building sits on a 0.12-acre lot and offers ample space for a variety of retail ventures. The entire 11,312 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. The property's location in Lorain County, Ohio, offers excellent access to local clientele and convenient transportation links. The property's address is 2853 Grove Ave, Lorain, OH 44055. This is a single-tenant commercial property, ideal for a business seeking a substantial footprint in a thriving community. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. The year built is 1998, indicating a structure that has likely undergone regular maintenance. This presents a significant opportunity for a business to establish a strong presence in a well-located retail space. The property's size and location make it an attractive option for a variety of retail uses. Serious inquiries are encouraged to explore this exceptional opportunity further.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,795,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,255,000
- 6.5%
- $2,185,000
- 7%
- $2,210,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,325,000
- Geo Method
- $2,570,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,230,000
- Retail
- $2,450,000
- Mixed-Use
- $1,785,000
- Hospitality
- $2,090,000
- Educational
- $1,960,000
- Residential Income
- $1,890,000
- Energy
- $2,385,000
- Income-Based Land
- $2,225,000
- Food Service
- $2,270,000
Location Insight
- Map
- Local Demand
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Longitude
- -82.1198
- Latitude
- 41.4455
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
