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668 Broadway
Lorain, OH 44052
Retail Property For Sale
Executive Summary
This is a 2-unit hard corner on Broadway & 7th Street in the middle of downtown Lorain mixed use building that is fully leased on short-term leases. Perfect for an owner user retail group on the first floor or continue to lease out. The first floor has wonderful glass windows, open retail, back stock area, and restrooms. The second floor is leased to a premier audio, video, and live streaming production facility and has built out offices. The property is in an opportunity zone. The city is investing heavily in creating the infrastructure, waterfront amenities, events, and housing that could allow downtown to become much more valuable. The goal is to connect the waterfront to the walkable Broadway. Lorain is 45 minutes West of Cleveland on Lake Erie where the Black River meets the Lake. Close to everything downtown has to offer including, Palace Theater, Rockin’ On The River, Ariel Broadway Hotel, Lorain Harbor, restaurants, coffee shops, personal services, and professional office. Making the future of downtown Lorain a vibrant mixed use corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
30,150 SF
Building Class
C
Year Built
1920
Price
$664,128 CAD
Price Per SF
$22.03 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
3.00
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
MU - Mixed Use
Parking
45 Spaces (1.49 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Waterfront
Property Taxes
| Parcel Number | 02-01-004-105-029 | Improvements Assessment | $72,993 CAD |
| Land Assessment | $14,863 CAD | Total Assessment | $87,854 CAD |
Property Taxes
Parcel Number
02-01-004-105-029
Land Assessment
$14,863 CAD
Improvements Assessment
$72,993 CAD
Total Assessment
$87,854 CAD
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