22101 Lorain RdFairview Park, OH 44126

Property Details for 22101 Lorain Rd

Year built

1949

Construction

TYPE NOT SPECIFIED

Lot size

0.30 AC

Property size (Sq ft)

2,203 SF

Zone code

GB-B

Property type

Auto shops

APN

321-25-010

APU

32125010

Description

This exceptional owner-user opportunity presents a well-established auto shop in Fairview Park, Ohio. Located at 22101 Lorain Rd, this property boasts a prime corner location at the intersection of Lorain Rd and 221st St, benefiting from high visibility and significant traffic volume (18,075 vehicles per day). The 2,203 square foot building, constructed in 1949, features five service bays, ideal for a thriving automotive business. The property sits on a lot with ample parking, catering to both customers and employees. The building is a single-story structure, zoned for General Business use, offering flexibility and potential for future expansion. The asking price is $550,000. This is a rare chance to acquire a well-positioned, established business in a high-traffic area with strong potential for continued growth and profitability. Serious inquiries only. Please note: On-site visits are not permitted without prior arrangement.

• CAP approach

  CAP return

  Valuation

  6%

  $582,590

  6.5%

  $537,775

  7%

  $499,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $519,293

  Geo Method

  $519,293

• Alternative Use

  Use

  Valuation

  Residential

  $453,633

  Hospitality

  $415,526

  Educational

  $345,713

  Medical

  $357,602

  Retail

  $537,775

Location Insight

City

Fairview Park

County

Cuyahoga

State

Ohio

Latitude

41.4407

Longitude

-81.8658

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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