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731 Broadway

2,500 SF Office Building Lorain, OH 44052 £148,749 (£59/SF)

Executive Summary

Unlock the potential of this versatile retail or office space, strategically located in the vibrant heart of Downtown Lorain.
This property offers a spacious storefront/showroom with a modern, updated façade that makes an excellent first
impression. The interior boasts fresh paint & new LED lighting throughout, creating a clean and welcoming environment.
Features include: Large Storefront/Showroom: Perfect for showcasing products or serving as a dynamic office space.
Sizable Back Room: Ideal for use as an office, storage, or additional workspace. Two Restrooms: Conveniently situated for
both staff and customer use with updated fixtures. Central Air and Gas Heat: Ensuring year-round comfort for your
business operations. Rear Parking Lot: Accommodates approximately 20 vehicles, providing ample parking for employees
and clients, with additional street parking out front. Prime Location: Situated in Downtown Lorain, offering high visibility
and accessibility. This well-maintained property combines functionality with an appealing, updated aesthetic, making it a
prime choice for businesses looking to thrive in a bustling downtown setting. Don't miss out on this exceptional
opportunity!

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts Under Contract

Sale Type
Owner User
Property Type
Office
Building Size
2,500 SF
Building Class
C
Year Built
1900
Price
£148,749
Price Per SF
£59
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
2,375 SF
Building FAR
0.52
Lot Size
0.11 AC
Opportunity Zone
Yes
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-01-004-101-056
Land Assessment
£5,253 (2023)
Improvements Assessment
£10,160 (2023)
Total Assessment
£15,413 (2023)
  • Listing ID: 33041750

  • Date on Market: 03/09/2024

  • Last Updated:

  • Address: 731 Broadway, Lorain, OH 44052

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