3801 Lorain Ave, Cleveland, OH 44113
This exceptional 853-square-foot commercial property, located at 3801 Lorain Avenue in Cleveland, Ohio, presents a unique redevelopment opportunity in a rapidly growing area. The single-story building sits on a 0.206-acre lot and is zoned LR-D3, offering versatility for various retail or office uses. Its prime location in Ohio City provides excellent walkability to numerous attractions, including the West Side Market, Pins Mechanical Co, INTRO Cleveland, and Great Lakes Brewing Company, all situated on West 25th Street. Furthermore, the property benefits from convenient access to I-90, providing easy connectivity to Downtown Cleveland and the vibrant Lakewood neighborhood. Downtown Cleveland itself boasts a wealth of amenities, including three professional sports teams, Jack Casino, the Great Lakes Science Center, and the Rock and Roll Hall of Fame. This property is also available for purchase alongside the adjacent multi-family property at 3815 Lorain Avenue, presenting a compelling investment opportunity. The property's APN is 00705007, 00705008. This is a rare chance to acquire a well-situated commercial space in a thriving Cleveland neighborhood. The asking price is $150,000.
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
LR · Cleveland, OHCleveland. Always verify with local authorities before improvements.
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.