1605 Broadway Lorain, OH 44052
Discover a unique investment opportunity in Lorain with this mixed-use property undergoing renovations adjacent to Gyro House. Boasting a central location near the heart of Lorain, this building promises visibility and accessibility for residents and businesses alike. Spanning 6, 294 sqft across two floors, the property features three rental living units upstairs and flexible retail space on the first floor, with city approvals for a restaurant, yet adaptable for various business ventures, such as storage/warehouse. Construction progress includes new framing throughout two residential units on the second floor, with plumbing rough-ins, and new beams, while rezoning allows for mixed-use applications. Positioned near Broadway and downtown, explore the potential of residential leasing options and the ability to convert the first floor into business space or the quickest option of storage, catering to diverse tenant and business needs. Consider the business opportunities, including multifamily units, offices, or simple storage, and secure your stake in Lorain's growth today. Contact the listing agent to explore this dynamic investment potential.
- Property TypeCommercial
- NeighborhoodChamberlains Add 01
- CountyLorain
- Taxes$1,864
- HOA/Condo/Coop Fees$0
- Days on Site91 Days
- MLS StatusActive
- MLS ID Number5017168
- Home Size Source Assessor
- Year BuiltN/A
- Lot Size0.15 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking GarageParking LotSee Remarks
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.15
- Water Public
- Zoning See Remarks
- Property Sub Type Mixed Use
- Attached Garage No
- Listing Conditions Standard
- Property Condition Under Construction
Interior Features
- Heating None
Exterior Features
- Waterfront Property No
Community Features
- Township Lorain