8 Acres of Improved Commercial Land for Lease in Lorain, Ohio
2418 W 21st St, Lorain, OH 44053
West Gate Shopping Center, strategically positioned at the corner of Rt. 58 and Rt. 611, is undergoing a complete rejuvenation, transforming into a thriving retail destination. Boasting a 65,500 square foot strip center with 10 rental units ranging from 1,400 to 20,202 square feet, this property offers an ideal canvas for grocery stores, pharmacies, convenience shops, and neighborhood-centric services. Anchor Tenant Unit: 20,202 sq ft.
Renovations include a newly paved and striped parking lot, a new roof, and fresh paint, creating an inviting and contemporary aesthetic. Across the street from the plaza, two more commercial properties are experiencing their own revitalization, all benefiting from enhanced synergy. Situated minutes from Lake Erie and Rt. 2, West Gate Shopping Center ensures prime visibility and accessibility, making it an enticing prospect for businesses seeking a strategic edge.
Other investment opportunities: the shopping center is available for sale or lease (lease rate & term are negotiable) and the corner acre is available for either ground lease or sale.
Lease details
- Price
- $3,500,000 monthly
Directions
Corner of Rt 611 & Rt 58.
Property details
- County
- Lorain County
- Community
- Black River 02
- Elevation
- 607 feet
- MLS Number
- NEOHREX 4486164
- Date Listed
Legal description
WESTGATE SHOPPING PLAZA
Parcels
- 02-02-023-113-005
Detailed attributes
Listing
- Type
- Commercial
Exterior
- Parking Spots
- 200
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Aug 30, 2023 | New listing | $3,500,000 | — | NEOHREX |