400 Washington Ave Lorain, OH 44052

Property Details for 400 Washington Ave

Year built

1925

Property size

7,048 SF

Property type

Commercial real estate

Description

This exceptional three-story, 7,048 square foot mixed-use building, constructed in 1925, is located at 400 Washington Avenue in Lorain, Ohio (44052). Priced at $299,900 ($42.55/SF), this property boasts impressive features including a welcoming marble foyer, hardwood floors and doors, private offices and conference rooms, multiple restrooms, and uniquely designed dual custom staircases. The second floor offers a theater-like setting complete with a stage and fireplace. The lower level includes a full kitchen, offices, a social hall, and restrooms. A new boiler is currently being installed. While an elevator is present, it is not currently operational. On-site and street parking are available. The building's prime location offers easy access to the lake, shopping, restaurants, churches, and schools. Its versatile layout presents numerous possibilities, including conversion to an apartment complex, charter school, or various retail spaces. The property is being sold "as is". Pre-approval or proof of funds is required before scheduling a showing. This building is situated in a rapidly growing area of downtown Lorain, already zoned for diverse commercial uses. This is a unique opportunity to invest in a thriving community.