2853 Grove AveLorain, OH 44055
- Retail properties
- 11,312 SF
Property Details for 2853 Grove Ave
- Year built
- 1998
- Lot size
- 0.11 AC
- Property size (Sq ft)
- 11,312 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 03-00-083-105-001
- APU
- 300083105001
Description
This exceptional 11,312-square-foot retail property, located at 2853 Grove Avenue in Lorain, Ohio, presents a significant opportunity for businesses seeking a prominent location. Built in 1998, the single-tenant building sits on a 0.12-acre lot and offers ample space for a variety of retail ventures. The entire 11,312 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. The property's location in Lorain County, Ohio, offers excellent access to local clientele and convenient transportation links. The property's address is 2853 Grove Ave, Lorain, OH 44055. This is a single-tenant commercial property, ideal for a business seeking a substantial footprint in a thriving community. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. The year built is 1998, indicating a structure that has likely undergone regular maintenance. This presents a significant opportunity for a business to establish a strong presence in a well-located retail space. The property's size and location make it an attractive option for a variety of retail uses. Serious inquiries are encouraged to explore this exceptional opportunity further.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,991,491
- 6.5%
- $2,761,376
- 7%
- $2,564,135
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,666,474
- Geo Method
- $2,666,474
-
Alternative Use
- Use
- Valuation
- Residential
- $2,329,324
- Hospitality
- $2,133,648
- Educational
- $1,775,170
- Medical
- $1,836,221
- Retail
- $2,761,376
Location Insight
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Latitude
- 41.4455
- Longitude
- -82.1198
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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