4520 Oberlin Ave - Medical FOR SALE


Lorain, OH 44053
$349,000 USD
216-789-1636
4520 Oberlin Ave, Lorain, OH for Sale
$349,000 USD
Medical - FOR SALE
1/12
null | Request Cap Rate

4520 Oberlin Ave
Lorain, OH 44053


HIGHLIGHTS

  • Flexible layout suitable for multiple business uses
  • Strong signage potential
  • Accessible location with proximity to major roadways and residential neighborhoods
  • Value-add potential through leasing up 4 units of medical/office space
  • Massive parking lot offers investors/owner-users potential to expand with development of additional buildings
  • Prime location on Oberlin Avenue with high traffic exposure

OVERVIEW

Excellent opportunity to acquire a well-located multitenant commercial property along the highly traveled Oberlin Avenue corridor in Lorain. This 4 unit property offers strong visibility, convenient access, and flexibility for a variety of retail, office, or service-oriented uses. Positioned on a main thoroughfare with steady daily traffic, the site benefits from prominent frontage and easy ingress/egress, making it ideal for owner-users or investors seeking a value-add opportunity in a growing area. Investment Potential: Whether you’re looking to establish your own business or expand your portfolio, this property offers long-term upside through repositioning, leasing, or redevelopment. The surrounding area continues to see steady commercial activity, supporting a wide range of uses. Location Benefits: Conveniently located near local and national retailers, dining options, and essential services, the property provides excellent accessibility for both customers and employees. Its central location within Lorain makes it a strategic choice for businesses serving the broader community.

FOR SALE DETAILS

PRICE

$349,000 USD

PRICE/SF

$58 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Oberlin Avenue Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

Commerical

APN/PARCEL ID

02-02-006-115-019

ASK ABOUT THIS PROPERTY

Richard Abou-JaoudeBerkshire Hathaway HomeServicesMore Info
216-789-1636

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Richard Abou-JaoudeBerkshire Hathaway HomeServicesMore Info
216-789-1636

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