Commercial Land for Sale in Lorain, Ohio
1605 Broadway Lorain, OH 44052
Discover a unique investment opportunity in Lorain with this mixed-use property undergoing renovations adjacent to Gyro House. Boasting a central location near the heart of Lorain, this building promises visibility and accessibility for residents and businesses alike. Spanning 6,294 sqft across two floors, the property features three rental living units upstairs and flexible retail space on the first floor, with city approvals for a restaurant, yet adaptable for various business ventures, such as storage/warehouse. Construction progress includes new framing throughout two residential units on the second floor, with plumbing rough-ins, and new beams, while rezoning allows for mixed-use applications. Positioned near Broadway and downtown, explore the potential of residential leasing options and the ability to convert the first floor into business space or the quickest option of storage, catering to diverse tenant and business needs. Consider the business opportunities, including multifamily units, offices, or simple storage, and secure your stake in Lorain's growth today. Contact the listing agent to explore this dynamic investment potential.
Directions
Head north on broadway, property is on the right hand side, adjacent to Gyro House.
Property details
- County
- Lorain County
- Community
- Chamberlains Add 01
- Elevation
- 614 feet
- MLS Number
- NEOHREX 5017168
- Date Listed
Legal description
CHAM & VAC ST 86 X 76 S/L 1-3
Parcels
- 02-01-003-142-001
Property taxes
- 2023
- $1,864
Detailed attributes
Listing
- Type
- Commercial
- Franchise
- HomeSmart International
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Feb 16, 2024 | New listing | $175,000 | — | NEOHREX |