14039 Lorain AveCleveland, OH 44111

  • Retail properties
  • 1,320 SF
For Sale

Property Details for 14039 Lorain Ave

Year built
1971
Lot size
0.40 AC
Property size (Sq ft)
1,320 SF
Zone code
GR
Property type
Retail properties
Property subtype
Parking lots & garages
APN
022-01-013
APU
2201013

Description

This ±0.4-acre commercial lot presents a unique investment opportunity. Strategically located near the highly visible intersection of Lorain Avenue and West 140th Street, this property enjoys excellent visibility and accessibility. Its adjacency to a Wendy's restaurant further enhances its desirability. The site is zoned for commercial use, offering flexibility for a variety of development options. The area boasts a substantial population base, with over 300,000 residents within a 5-mile radius, ensuring a strong potential customer base for any commercial venture. Convenience is a key feature, with proximity to public transportation; the property is situated just 0.5 miles from the RTA West Park Rapid Station Park and Ride, providing easy access for commuters and employees. Furthermore, the location benefits from the presence of numerous major retailers in close proximity, including Starbucks, Popeye's, Subway, Aldi, Marcs, Ross, Big Lots, and Burlington, creating a vibrant and thriving commercial environment. The property's APN is 022-01-013. This parcel is available for sale or ground lease, making it an attractive proposition for both developers and investors seeking a strategic foothold in a densely populated and commercially active area. The single-tenant zoning provides a clear path for development.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $349,078
    6.5%
    $322,226
    7%
    $299,210
  • Comparable approach

    Method
    Valuation
    Relative Method
    $311,151
    Geo Method
    $311,151
  • Alternative Use

    Use
    Valuation
    Residential
    $271,809
    Hospitality
    $248,976
    Educational
    $207,145
    Medical
    $214,269
    Retail
    $322,226
14039 Lorain Ave, Cleveland, Ohio

Location Insight

City
Cleveland
County
Cuyahoga
State
Ohio
Latitude
41.4546
Longitude
-81.7911
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,188
$31,920
-
$31,920
-
$91,200
-
$91,200

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.
How do I access a private listing?
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].