1605 Broadway - Storefront Retail/Residential FOR SALE


Lorain, OH 44052
$140,000 USD
440-787-6330
1605 Broadway, Lorain, OH for Sale
$140,000 USD
Storefront Retail/Residential - FOR SALE
1/35
null | Request Cap Rate

1605 Broadway
Lorain, OH 44052


HIGHLIGHTS

  • Mixed-use value add investment opportunity in eastern Lorain.
  • Retail residential property currently under partial renovation and located along the Black River near the boat launch.

OVERVIEW

Do not miss your chance to own a landmark in Lorain history. The Broadway Feed and Pet Supply building on Broadway! Recently rezoned as mixed use, this building has great income potential. The lower level is approved by the city for a restaurant but can be used for several other business ventures. A lot of Structural work has already been performed. All you have to do is bring your vision, and make it come to life! Not only is the lower level a prime retail space in the heart of downtown, but the upper level has 3 units of living space! Two of the units have some framing and plumbing complete. With rent skyrocketing in the past few years, the upper level will be a big source of income for your portfolio. Blue prints have already been drawn for both levels, making the completion of this project much easier. Call your favorite Realtor and schedule your private tour today!

FOR SALE DETAILS

PRICE

$140,000 USD

PRICE/SF

$22 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

Mixed Use

APN/PARCEL ID

02-01-003-142-001

ASK ABOUT THIS PROPERTY

Paul LawsonRussell Real Estate ServicesMore Info
440-787-6330

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Paul LawsonRussell Real Estate ServicesMore Info
440-787-6330

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