For Sale
$459,000

1744 Iowa AveLorain, OH 44052

Two buildings, 15,786 SF, sale-leaseback

Overview

Added:
Dec 11, 2024
Days on market:
115
This offering presents a strategic opportunity to acquire a pair of single-story industrial buildings totaling 15,786 square feet on a 2.72-acre lot in Lorain, Ohio. The property, zoned for light industrial use, features a 16-foot ceiling height, one loading dock, and one drive-in. Currently 100% occupied by a single tenant under a sale-leaseback agreement with a remaining term of five years at a monthly rent of $3,500. The sale price is $459,000. This prime location offers convenient access to I-90, Route 2, I-80 (Ohio Turnpike), US 6, and OH SR 57, placing it within a 35-minute drive of Cleveland and Cleveland-Hopkins International Airport. The property is situated within Lorain County Opportunity Zone 39093023000, potentially offering preferential tax treatment. This is an exceptional opportunity for investors seeking a stable, income-generating asset with strong potential for future growth in a desirable location. The property is offered as a sale-leaseback, providing immediate cash flow and long-term lease security. The building's functional layout and ample space make it suitable for a variety of industrial uses.

Highlights

  • Owner-user opportunity available at 1270 Colorado Avenue.
  • Asking price: $299,000.

Property Details for 1744 Iowa Ave

Property type
Warehouses, Industrial properties
Square Feet
15,786 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
118,483 SF
Units
1

Location Insight

City
Lorain
County
Lorain
State
Ohio
Latitude
41.4642243
Longitude
-82.1596111
1744 Iowa Ave, Lorain, Ohio

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1744 Iowa Ave
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