6401 Broadway Ave - Office FOR SALE


Lorain, OH 44053
$900,000 USD
440-773-7262
6401 Broadway Ave, Lorain, OH for Sale
$900,000 USD
Office - FOR SALE
1/2
null | 6.19% Cap Rate

6401 Broadway Ave
Lorain, OH 44053


HIGHLIGHTS

  • Heavy daytime traffic
  • Major signage along Broadway
  • Major intersection on Rt 2 and Broadway
  • Across from McDonalds

OVERVIEW

Long term and established insurance agency that was owner-occupied. Insurance agency leased 2,832 SF and the remainder of the building, 3,400 SF, is leased to a salon and spa. Owner-occupier retired in 2023, and the ownership space was relet to another State Farm agent, who has one year remaining on the lease (expiring Jun 31, 2026). Meticulously maintained: parking lot was resealed and striped in 2024; landscaping redone in 2025; roof in excellent condition; no leaks; ingress and egress directly off Broadway; excellent traffic exposure; within fifty yards of the east and west onramps for RT 2; across the street from a McDonalds; parking on the front, rear, and sides of the building; new sign installed in 2015.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

6.19%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

Amherst Twp

APN/PARCEL ID

05-00-081-000-027

ASK ABOUT THIS PROPERTY

Dan DepalmaDepalma Professional Building, LLCMore Info
440-773-7262

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Dan DepalmaDepalma Professional Building, LLCMore Info
440-773-7262

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