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1605 Broadway 6,284 SF 100% Leased Retail Building Lorain, OH 44052 $193,697 CAD ($30.82 CAD/SF)
Investment Highlights
- Mixed-use value add investment opportunity in eastern Lorain.
- Retail residential property currently under partial renovation and located along the Black River near the boat launch.
Executive Summary
Do not miss your chance to own a landmark in Lorain history. The Broadway Feed and Pet Supply building on Broadway! Recently rezoned as mixed use, this building has great income potential. The lower level is approved by the city for a restaurant but can be used for several other business ventures. A lot of Structural work has already been performed. All you have to do is bring your vision, and make it come to life! Not only is the lower level a prime retail space in the heart of downtown, but the upper level has 3 units of living space! Two of the units have some framing and plumbing complete. With rent skyrocketing in the past few years, the upper level will be a big source of income for your portfolio. Blue prints have already been drawn for both levels, making the completion of this project much easier. Call your favorite Realtor and schedule your private tour today!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,284 SF
Building Class
C
Year Built
1920
Price
$193,697 CAD
Price Per SF
$30.82 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.96
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
Mixed Use - Retail on the first floor with multi family on the 2nd.
Parking
15 Spaces (2.39 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-01-003-142-001 | Improvements Assessment | $28,634 CAD |
| Land Assessment | $11,389 CAD | Total Assessment | $40,023 CAD |
Property Taxes
Parcel Number
02-01-003-142-001
Land Assessment
$11,389 CAD
Improvements Assessment
$28,634 CAD
Total Assessment
$40,023 CAD
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1605 Broadway
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