$175,000
1605 Broadway Lorain, OH 44052
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$175,000
Est. payment /mo
6,534 Sqft Lot
Active
1605 Broadway Lorain, OH 44052
UPDATED:
09/30/2024 05:20 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Chamberlains Add 01
MLS Listing ID 5017168
Construction Status Under Construction
HOA Y/N No
Year Built 1920
Annual Tax Amount $1,864
Tax Year 2023
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Discover a unique investment opportunity in Lorain with this mixed-use property undergoing renovations adjacent to Gyro House. Boasting a central location near the heart of Lorain, this building promises visibility and accessibility for residents and businesses alike. Spanning 6,294 sqft across two floors, the property features three rental living units upstairs and flexible retail space on the first floor, with city approvals for a restaurant, yet adaptable for various business ventures, such as storage/warehouse. Construction progress includes new framing throughout two residential units on the second floor, with plumbing rough-ins, and new beams, while rezoning allows for mixed-use applications. Positioned near Broadway and downtown, explore the potential of residential leasing options and the ability to convert the first floor into business space or the quickest option of storage, catering to diverse tenant and business needs. Consider the business opportunities, including multifamily units, offices, or simple storage, and secure your stake in Lorain's growth today. Contact the listing agent to explore this dynamic investment potential.
Location
State OH
County Lorain
Interior
Heating None
Fireplace No
Exterior
Garage Garage, Parking Lot, See Remarks
Waterfront No
Water Access Desc Public
Present Use Multi-Family,Mixed Use
Parking Type Garage, Parking Lot, See Remarks
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Under Construction
Schools
School District Lorain Csd - 4709
Others
Tax ID 02-01-003-142-001
Special Listing Condition Standard
Listed by Michal Golab • HomeSmart Real Estate Momentum LLC • mikepgolab@gmail.com 440-787-3485
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