For Sale
$255,000

506 Broadway Lorain, OH 44052

Prime Location, 4000 sq ft, Multi-Use

Property records and analytics

Overview

Added:
Feb 11
Days on market:
72
This exceptional 4,000 square foot commercial property, located at 506 Broadway in Lorain, Ohio, presents a unique investment opportunity. Built in 1900, this first-floor space boasts a prime location in the revitalized downtown Lorain Broadway Streetscape. Its versatile layout is ideal for a variety of uses, including restaurant, storefront retail, or traditional office space. The property sits on a 0.01-acre lot and offers significant potential for a long-term lease. The asking price is $255,000. Please note that a minimum of 24 hours' notice is required for showings. Access to the basement is strictly prohibited without prior arrangement due to security measures. This property is perfectly situated to capitalize on the ongoing revitalization efforts in downtown Lorain, offering high visibility and accessibility to a thriving community. The flexible space allows for customization to suit a wide range of business needs. Don't miss this chance to own a piece of Lorain's vibrant commercial landscape.

Highlights

  • $255,000 asking price for a 4,000 sq ft building.
  • Located at 506 Broadway, Lorain, OH 44052.
  • Property type: Office and Retail; Subtypes: Restaurant, Storefront, and Traditional Office.
  • Built in 1900, situated on a 0.01-acre lot.
  • Prime downtown Lorain location on the revitalized Broadway Streetscape.

Property Details for 506 Broadway

Property type
Retail properties, Restaurants
Square Feet
4,000 SF
Year Built
1900
Lot Size (sq. ft)
436 SF

Location Insight

City
Lorain
County
Lorain
State
Ohio
Latitude
41.4664809
Longitude
-82.1761843

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FAQs

What type of property is this?
Retail property - Prime Location, 4000 sq ft, Multi-Use
Where is the retail property located?
The property is located at 506 Broadway Lorain, OH.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: $255,000 asking price for a 4,000 sq ft building.; Located at 506 Broadway, Lorain, OH 44052.; Property type: Office and Retail; Subtypes: Restaurant, Storefront, and Traditional Office.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Denise Rakich
Visit Broker Website

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Broadway
Lorain, OH 44052

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

506 Broadway
  • Denise Rakich
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