1302 Broadway - Storefront Retail/Residential FOR SALE


Lorain, OH 44052
$220,000 USD
216-789-4182
1302 Broadway, Lorain, OH for Sale
$220,000 USD
Storefront Retail/Residential - FOR SALE
1/37
null | Request Cap Rate

1302 Broadway
Lorain, OH 44052


OVERVIEW

Great opportunity to own a historical building offering multiple income sources. Located at 1302 Broadway in downtown historic Lorain, this building once housed Kutza’s Pharmacy. Lucky for you, the majority of modernization has already been done. The two-story all brick building built in 1910, features a storefront, which has been used for a pharmacy, church, rental hall, professional office space, and includes private Men & Women’s restrooms. Access to the basement offers additional storage and features all new joists. Located behind the storefront is a 2-bedroom, 1 bath apartment. Upstairs are two more apartments; a 2-bedroom, 1 bath, and a 1-bedroom, 1 bath featuring a shared laundry area. Many upgrades have been completed over the last 10 years, including partial roof, furnaces, hot water tanks, Kitchens, Bathrooms, flooring, paint, light fixtures, etc. Best of all, the Utilities have been conveniently separated. On the side of the building, there is an additional parcel which features a gravel parking lot as well as on-street parking. The time is now to invest in this money-maker!!

FOR SALE DETAILS

PRICE

$220,000 USD

PRICE/SF

$55 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kutza Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

undefined, Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

B-2

APN/PARCEL ID

02-01-003-133-018,02-01-003-133-019

ASK ABOUT THIS PROPERTY

Mike DeAnnaCentury 21 Deanna RealtyMore Info
216-789-4182

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Mike DeAnnaCentury 21 Deanna RealtyMore Info
216-789-4182

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.