1211 Tower BlvdLorain, OH 44053

Property Details for 1211 Tower Blvd

Lot size

2.60 AC

Property size (Sq ft)

30,200 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

02-02-006-108-055

APU

202006108055

Description

This exceptional 30,000-square-foot retail space is located at 1211 Tower Boulevard in Lorain, Ohio, within Lorain County. The property is a single-tenant building, currently vacant and ready for immediate occupancy. Its convenient location offers significant potential for a variety of retail businesses. The building's substantial size provides ample space for a large-scale operation or the possibility of subdividing for multiple smaller tenants (though currently configured as a single tenant space). The address is 1211 Tower Boulevard, Lorain, OH 44053. The property is classified as commercial retail and offers a significant opportunity for businesses seeking a prominent presence in the Lorain market. With its substantial square footage and prime location, this property presents a rare opportunity for a business seeking to establish or expand its operations. The building's size and layout offer flexibility for various retail concepts. The property is situated in Lorain County, Ohio, providing access to a well-established customer base and convenient transportation links. Interested parties are encouraged to explore the possibilities this expansive retail space offers. The property is completely vacant, allowing for immediate customization to suit the needs of a new tenant. This presents a unique chance to create a retail space tailored to a specific business model. The property's location in Lorain, OH, offers excellent visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $7,986,477

  6.5%

  $7,372,132

  7%

  $6,845,552

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,118,768

  Geo Method

  $7,118,768

• Alternative Use

  Use

  Valuation

  Residential

  $6,218,670

  Hospitality

  $5,696,268

  Educational

  $4,739,228

  Medical

  $4,902,218

  Retail

  $7,372,132

Location Insight

City

Lorain

County

Lorain

State

Ohio

Latitude

41.4328

Longitude

-82.1866

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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