22101 Lorain RdFairview Park, OH 44126
- Retail properties
- 2,203 SF
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
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
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.
- 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].