4493 Oberlin AveLorain, OH 44053

Property Details for 4493 Oberlin Ave

Year built

1998

Lot size

0.74 AC

Property size (Sq ft)

5,600 SF

Property type

Other commercial real estate

APN

02-01-008-101-378

APU

201008101378

Description

Rosewood Place, located at 4493 Oberlin Ave in Lorain, Ohio 44053, presents a unique mixed-use investment opportunity. This 7,000 square foot property is currently configured as a banquet hall and retail space, offering significant potential for diverse income streams. The banquet hall boasts a full catering kitchen recently updated with new ovens, a dedicated bar area, and ample seating for approximately 280 guests. The retail space offers flexibility for a variety of tenants, complementing the banquet hall's operations or serving as an independent business. A large on-site parking lot ensures convenient access for patrons and employees. The property is offered at an asking price of $480,000. A detailed inventory list is available upon request. This property is ideally situated in Lorain County, Ohio, providing easy access to major transportation routes and a thriving local community. The combination of a well-established banquet hall and adaptable retail space makes Rosewood Place an attractive investment for both seasoned and emerging entrepreneurs seeking a profitable venture in a dynamic market. Serious inquiries are encouraged to explore this promising opportunity further.

• Alternative Use

  Use

  Valuation

  Residential

  $1,153,131

  Hospitality

  $1,056,262

  Educational

  $878,797

  Medical

  $909,020

  Retail

  $1,367,018

Location Insight

City

Lorain

County

Lorain

State

Ohio

Latitude

41.4292

Longitude

-82.1847

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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