822 Broadway Lorain, OH 44052
- Investment properties
- 486 SF
- 0.07 lot acres
Current Use by Public Records
- Investment properties
Property Details for 822 Broadway
- Year built
- 1906
- Lot size
- 0.07 lot acres
- Property size
- 486 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 02-01-003-118-007
- APU
- 201003118007
Description
This exceptional mixed-use property at 822 Broadway in Lorain, Ohio, presents a unique investment opportunity. The 6,534 square foot building boasts three levels, offering diverse potential uses. The ground floor features a private ceramic foyer entrance, a retractable door leading to a spacious ceramic-tiled area, an open floor plan, a large granite bar area, two ADA-compliant bathrooms, and a partially completed kitchen. Rear building access is also available. The second level provides spectacular views of Broadway Avenue from a custom double door and balcony, along with a seating area, a large framed bar, and potential restroom space. Access to the rear roof is also available from this level. The third level is ready for customization, offering significant potential for development. This historically significant building is situated in the heart of downtown Lorain, offering convenient proximity to Lake Erie, the Black River landing, the Palace Theater, shopping, schools, and churches. The property sits on a 0.07-acre lot. The asking price is $259,900, translating to $155.48 per square foot. Note that a $166.24 special assessment for sidewalks is added to the annual property taxes.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Longitude
- -82.1738
- Latitude
- 41.4636
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
