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25775 Lorain Rd
North Olmsted, OH 44070
3,089 SF Freestanding Retail Building · Retail Property For Sale
Investment Highlights
- Well-maintained, standalone retail property
- Former bank branch converted to upscale convenience store
- Highly visible with strong traffic exposure (17,527 VPD on Lorain Rd)
- Modern finishes & newer construction (2010)
- Excellent location on Lorain Road near Great Northern Mall
- Large windows with ample natural light
Executive Summary
This 3,089 SF freestanding retail building was originally constructed in 2010 as a bank branch, but was thoughtfully converted to an upscale convenience store while retaining valuable infrastructure including an overhead drive-through structure.
The building sits on nearly 1 acre and is zoned B-3 General Business. Positioned on heavily traveled Lorain Road with 17,527 vehicles per day, the property benefits from prime visibility and accessibility near Great Northern Mall.
Additionally, the building has an open layout and features large glass windows, allowing tons of natural light to enter the space. New plumbing was added to storefront area, and a fridge/freezer was installed (could be kept in place). There are also 27 parking spaces on site.
The property represents a great opportunity for investors, retailers and users alike to acquire a well-kept asset in a bustling retail corridor.
The building sits on nearly 1 acre and is zoned B-3 General Business. Positioned on heavily traveled Lorain Road with 17,527 vehicles per day, the property benefits from prime visibility and accessibility near Great Northern Mall.
Additionally, the building has an open layout and features large glass windows, allowing tons of natural light to enter the space. New plumbing was added to storefront area, and a fridge/freezer was installed (could be kept in place). There are also 27 parking spaces on site.
The property represents a great opportunity for investors, retailers and users alike to acquire a well-kept asset in a bustling retail corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,089 SF
Building Class
C
Year Built
2010
Price
$1,623,648 CAD
Price Per SF
$525.62 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.92 AC
Zoning
B-3 - B-3 General Business
Parking
27 Spaces (8.74 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 236-02-006 | Improvements Assessment | $116,091 CAD |
| Land Assessment | $229,460 CAD | Total Assessment | $345,550 CAD |
Property Taxes
Parcel Number
236-02-006
Land Assessment
$229,460 CAD
Improvements Assessment
$116,091 CAD
Total Assessment
$345,550 CAD
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