Property Listing No Longer Available for Sale

4500 Oberlin Avenue, Lorain, OH

Office for Sale - $230,000 - 3,328 Sq. Ft. on 2 acres


Property Info

CIMLS#1141583
Location
  4500 Oberlin Avenue
  Lorain OH 44053
UpdatedMay 24th, 2023
TypeOffice
Price$230,000
Building3,328 Sq. Ft.
Land2 acres

Property Description

Great Investment Opportunity with Storefront on main level and two updated living units with separate entrances on the second level on a huge 2 acre lot with lots more building potential. Live in two bedroom updated unit with a 2 car garage and have the building pay for itself by extending the leases on Store front and a studio. Storefront leased and tenant prefers to have a long term lease and studio is leased through Dec. Plenty of parking for all and the back of the lot is buildable to bring your dreams to reality for a side street and more buildings. 2 bedroom 1 bath unit and main level store front have been updated in 2019 and a Studio has been newly built out in 2021-22 with it's private entrance in the back. All mechanicals have been updated in all units and all appliances in both apartments stay, tenants pay most utilities. Freshly painted exterior in 2022. Building Sq. Ft. 3,328 sq ft (52ftx32ft) 2 parcels included in the purchase: 02-02-006-115-018 & 02-02-006-115-069. This building was formerly home of Stanley Garden Center, opportunity knocks to be a part of Lorain's Growth, Make sure you open the door! Call for a private showing!


Financials