Technical
Financial
Distress signals
Property profile

3105 Grv Ave Lorain, OH 44055

OFF-MARKET
Turn key restaurants
Property ID
US66-5507015
5,628 SF 0.23 ac lot Built 1950
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 5,628 square foot mixed-use building situated at 3105 Grove Avenue in Lorain, Ohio. The property is priced affordably at $135,000, offering significant potential for return on investment. The building's versatile layout allows for a variety of uses, making it ideal for both owner-occupancy and rental income generation. Its strategic location within Lorain provides convenient access to local amenities, transportation routes, and a growing community. The substantial square footage provides ample space for multiple businesses or a combination of commercial and residential uses, subject to local zoning regulations. This property is being offered as-is, and potential buyers are encouraged to conduct their own due diligence to assess the property's suitability for their intended purposes. Given the attractive price point and the building's size and location, this represents a compelling opportunity for investors seeking a strong foothold in the Lorain real estate market. The absence of land acreage (0 acres) indicates the building is likely situated on a lot shared with other structures or a smaller, urban lot. Further investigation into zoning and permitted uses is recommended. Serious inquiries are welcome.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Total area 5,628 SF
Lot 0.23 ac (10,019 SF)
APN 03-00-094-111-001
UPID US66-5507015

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3105 Grv Ave Lorain, OH 44055-2053
Lorain metro Census 23600 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$85k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$90k

Owner & transaction history

since 2020
Last sale
$70,000
5 recorded transactions
2020
Price N/A
2020
Price N/A
2020
$70,000
2012
Price N/A
2009
$50,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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