4805 Leavitt RdLorain, OH 44053

Property Details for 4805 Leavitt Rd

Lot size

0.77 AC

Property size (Sq ft)

3,000 SF

Property type

Retail properties

Property subtype

Retail space

APN

02-02-003-102-091

APU

202003102091

Description

This exceptional retail opportunity presents three available spaces totaling 2,275 to 6,433 square feet, situated at 4805 N Leavitt Rd in Lorain, Ohio, 44053. The property is located at the southeast corner of Leavitt Road and Nantucket Drive, offering excellent visibility and accessibility. This is a proposed mixed-use development in a high-traffic area with strong neighboring tenants. The surrounding area boasts a robust retail environment, including major national brands such as Walmart, Home Depot, Kohl's, Meijer, Walgreens, Planet Fitness, Aldi, and Tractor Supply Co. The property's multiple tenancy allows for flexibility in lease terms and space configurations, making it ideal for a variety of retail businesses or a combination of shops and office spaces. The property is located in Lorain County, Ohio, and offers a strategic location for businesses seeking to tap into a thriving market. The exact square footage of each individual space is available upon request. This is a rare opportunity to establish a presence in a high-demand retail corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $793,359

  6.5%

  $732,331

  7%

  $680,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $707,162

  Geo Method

  $707,162

• Alternative Use

  Use

  Valuation

  Residential

  $617,749

  Hospitality

  $565,854

  Educational

  $470,784

  Medical

  $486,975

  Retail

  $732,331

Location Insight

City

Lorain

County

Lorain

State

Ohio

Latitude

41.426

Longitude

-82.2053

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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