4804 Leavitt Rd Lorain, OH 44053
For Lease
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This exceptional property presents a rare dual opportunity: a fully operational 15,000 square foot Class A surgery center, boasting AAAHC accreditation and Medicare Deem certification, is available for sale or lease. The turnkey facility is ideal for various surgical specialties. Alternatively, the 7.52-acre lot offers significant redevelopment potential. Zoned B-2 General Commercial, the site allows for a diverse range of uses, including restaurants, hotels, financial institutions, medical clinics, and childcare facilities. Its prime location at a signalized intersection provides exceptional visibility and accessibility, situated directly across from major retailers such as Walmart, Kohl's, and Home Depot. The property benefits from its proximity to Route 2 and the recent influx of new businesses, including Meijer, Chick-fil-A, Panda Express, and Raising Cane's. The 650-foot frontage allows for divisible pads as small as one acre, making it an attractive option for various retail developments. Built in 1997, this property offers a unique blend of existing income potential and future development possibilities. The site's size and location make it an ideal investment for both owner-users and investors seeking high-growth potential in a thriving market. The property is currently occupied, and direct contact with the tenant should be avoided.
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Malak Osama a MD Physician
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Comprehensive Pain Care Center Inc Physician
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Dr. Maher S. Kodsy, MD Physician
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Dr. Girgis Emil Girgis, DO Physician
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Lorain Surgery Center Medical Clinic Hospital
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
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.