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1342 Colorado Ave
Lorain, OH 44052
FOR AUCTION · Retail Property For Sale
Investment Highlights
- Excellent Retail Opportunity
- Offered With A Published Reserve Price of only $50,000!
- Open Houses: Wednesdays, July 1, 8 & 15, 10:30 AM-12:00 Noon
- 2,900 SF Former Restaurant on 0.69 Acres
- Strong traffic counts on heavily traveled Colorado Ave.
- For Complete Due Diligence package: 216-861-7200, Michael Berland, AARE, OH Auctioneer/Hanna Commercial/Chartwell Auctions
Executive Summary
Excellent Retail Opportunity: 2,900 SF Former Restaurant on 0.69 Acres. Offered With A Published Reserve Price of only $50,000! Strong traffic counts on heavily traveled Colorado Ave.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,901 SF
Building Class
C
Year Built
1972
Price
$70,424 CAD
Price Per SF
$24.28 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
0.69 AC
Opportunity Zone
Yes
Parking
45 Spaces (15.51 Spaces per 1,000 SF Leased)
Frontage
120’ on Colorado Ave
Property Taxes
| Parcel Number | 02-00-051-142-002 | Improvements Assessment | $66,034 CAD |
| Land Assessment | $35,375 CAD | Total Assessment | $101,409 CAD |
Property Taxes
Parcel Number
02-00-051-142-002
Land Assessment
$35,375 CAD
Improvements Assessment
$66,034 CAD
Total Assessment
$101,409 CAD
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