2711 W 40th St - Churches FOR SALE


Lorain, OH 44053
$1,900,000 USD
330-940-9360
2711 W 40th St, Lorain, OH for Sale
$1,900,000 USD
Churches - FOR SALE
1/5
null | Request Cap Rate

2711 W 40th St
Lorain, OH 44053


HIGHLIGHTS

  • 17.24-acre infill redevelopment opportunity.
  • Existing 25,176 SF structure suitable for renovation or demolition.
  • Established residential location with adjacent retail amenities.
  • Rare large-acreage tract in a mature community.
  • Excellent opportunity for residential, senior housing, institutional, or mixed-use redevelopment (subject to approvals)

OVERVIEW

This 17.24-acre site presents an exceptional redevelopment opportunity in an established residential neighborhood. The property includes an existing 25,176-square-foot church building that requires substantial renovation or demolition, providing flexibility for a wide range of redevelopment possibilities. Alternatively, the structure could be renovated for continued use by a new congregation. The property’s location offers the best of both worlds—a quiet residential setting with the added benefit of direct adjacency to the rear of an established retail shopping plaza. Its size, location, and redevelopment potential make it an attractive opportunity for developers, investors, religious organizations, or other potential users. For additional information or to schedule a property tour, please contact Chad Whitmer or Jeff Davis.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2711 W 40th Street

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

17.29 AC

LAND SF

753,079 SF

ZONING

R-1 C

APN/PARCEL ID

02-02-008-101-021,02-02-008-101-022,02-02-013-111-004,02-02-013-111-005

ASK ABOUT THIS PROPERTY

Chad WhitmerHoff & Leigh Commercial Real EstateMore Info
330-940-9360

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

Chad WhitmerHoff & Leigh Commercial Real EstateMore Info
330-940-9360

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