2928 Erie Ave Lorain, OH 44053
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 2928 Erie Ave
- Property type
- Small apartment buildings
Description
Exceptional investment opportunity in Lorain, Ohio, featuring a substantial 1.30-acre lakefront parcel at 2928 W. Erie Ave. This property boasts stunning 180-degree views of Lake Erie and includes existing shoreline protection. The lot, approximately 60 feet wide by 700 feet deep, is zoned R3, offering a multitude of development possibilities. Additionally, a separate 0.48-acre parcel at 2912-2914 W. Erie Ave. is included. This parcel features a two-family house and barn, recently updated with a new roof, windows, and exterior paint. While the interior requires remodeling, this presents a significant value-add opportunity. The combined properties offer a unique blend of lakefront development potential and immediate income generation from the existing duplex. The asking price for this combined offering is $337,000. Note that a separate, adjacent parcel (02-02-022-101-025) has been sold separately. This is a rare chance to acquire a substantial lakefront property with existing structures in a desirable location. Serious inquiries only.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Longitude
- -82.2070566
- Latitude
- 41.4565618
