2227-2229 W 21st St - Restaurant FOR SALE


Lorain, OH 44052
$239,900 USD
216-789-4182
2227-2229 W 21st St, Lorain, OH for Sale
$239,900 USD
Restaurant - FOR SALE
1/38
null | Request Cap Rate

2227-2229 W 21st St
Lorain, OH 44052


HIGHLIGHTS

  • Heavy Traffic
  • 5 parcels with entrance and exits on W 21st St and Leavitt Rd
  • 3 seperate garage doors for entrance and exit

OVERVIEW

Great commercial opportunity in a high-traffic location in Lorain. This unique property consists of five parcels with convenient access from W. 21st Street and possible access from Leavitt Road for multiple points of entry and exit. The building's unique drive-through configuration, featuring garage doors on both sides, makes it well-suited for a beverage drive-thru, coffee concept, quick-service restaurant, automotive use, or other retail operations. Multiple parcels, strong visibility, existing income, and commercial zoning combine to create an attractive opportunity for investors, and business owners alike. A portion of the property is currently occupied by a restaurant tenant at $1,200 per month. The restaurant includes a small dining area and some existing kitchen equipment, offering immediate income potential and flexibility for future use. An additional space within the building is well-suited for office use and includes a full bathroom with shower, creating opportunities for professional services, or additional rental income. With strong traffic counts, excellent accessibility, multiple parcels, and a flexible layout, this property offers tremendous potential for investors, entrepreneurs, and business owners. Take advantage of this opportunity today!!

FOR SALE DETAILS

PRICE

$239,900 USD

PRICE/SF

$52 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

20 AC

LAND SF

871,200 SF

ZONING

B

APN/PARCEL ID

02-02-024-113-007

ASK ABOUT THIS PROPERTY

Mike DeAnnaCentury 21 Deanna RealtyMore Info
216-789-4182

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Mike DeAnnaCentury 21 Deanna RealtyMore Info
216-789-4182

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