26508-26520 Lorain Rd - Retail FOR SALE
North Olmsted, OH 44070 |
26508-26520 Lorain Rd
North Olmsted, OH 44070
HIGHLIGHTS
- STARTING BID $850,000 | 75% Occupied | 67,050 SF | AUCTION DECEMBER 5-7, 2023
- Anchored by Ashley Outlet – New Gross Lease in 2022
- Offering Includes 4,500 SF Freestanding Building Leased to Vitamin Shoppe with NNN Terms – Potential to Separately Parcel and Spin-Off
- Significant Upside Potential via Lease-Up of 16,615 SF Across Two Adjacent Retail Vacancies
- Located among a Who’s Who of Surrounding Big-Box & Junior Box Retailers Driving Traffic to Area; 5.6 Million SF of Retail Leased to 98% Occupancy
- Situated Along Lorain Road - Primary East-West Commercial Corridor with 22,881 VPD | Above-Average Incomes: AHHI of $85-$102K in 1/3/5-Radii
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Auction | REO Sale – Cleveland MSA Retail
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
67050
STORIES
1
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
341
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
232-26-008
