5363 Oberlin AveLorain, OH 44053
- Retail properties
- 624 SF
Property Details for 5363 Oberlin Ave
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.20 AC
- Property size (Sq ft)
- 624 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 02-01-008-101-248
- APU
- 201008101248
Description
This exceptional freestanding office building in Lorain, Ohio presents a fantastic investment opportunity. Situated on a 0.2-acre lot at 5363 Oberlin Avenue, the property boasts a highly desirable location with easy access to major highways. The main floor features two well-sized office spaces (11 x 10.5 ft and 11 x 14 ft), a spacious open-plan foyer (20 x 11.5 ft) ideal for a reception area, waiting room, or additional office space, a convenient storage room, and a private restroom. The lower level provides further office space and ample storage. The property includes a significant advantage with a private on-site parking lot accommodating 12 vehicles, plus an additional shed for extra storage. The building's exterior is meticulously maintained, featuring professional landscaping, exterior lighting, and a prominent front post sign ready for your company branding. The property is zoned for commercial activity, making it suitable for a variety of businesses. This turnkey property offers immediate occupancy and the chance to establish a thriving business in a growing area. Don't miss this chance to own your own space.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $165,019
- 6.5%
- $152,325
- 7%
- $141,445
-
Comparable approach
- Method
- Valuation
- Relative Method
- $147,090
- Geo Method
- $147,090
-
Alternative Use
- Use
- Valuation
- Residential
- $128,492
- Hospitality
- $117,698
- Educational
- $97,923
- Medical
- $101,291
- Retail
- $152,325
Location Insight
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Latitude
- 41.4194
- Longitude
- -82.1852
- 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
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
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- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- 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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