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1354 Colorado Ave
Lorain, OH 44052
Rapid Auto Body & Former McDonald's · Industrial Property For Sale
Investment Highlights
- PORTFOLIO OF TWO PROPERTIES – Consisting of two parcels, one with a ±10,915 SF Auto Repair building on about ±0.36-acre and the neighboring ±0.69-acre
- PRICED WELL BELOW REPLACEMENT COST – This is your chance. Priced at $36 PSF, this property allows a new owner-user / investor to purchase these assets
- GROWING MARKET AREA – Lorain has a dense consistently growing dynamic market with a population of 52,064 within 3-miles and 88,021 within 5-miles
- TURNKEY AUTOMOTIVE REAL ESTATE – Fully equipped auto body facility with 6 drive in doors, 1 – 12ft drive in door. Includes paint booth, 2 car lifts
- HIGH TRAFFIC DEVELOPING CORRIDOR – Join McDonalds, Wendy’s and a newly constructed (2023) Taco Bell near the intersection of Colorado Ave (±6,000 VPD)
Property Facts
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Service | Year Built | 1954 |
| Building Class | C | Tenancy | Single |
| Lot Size | 0.37 AC | Parking Ratio | 0.46/1,000 SF |
| Rentable Building Area | 10,915 SF | No. Drive In / Grade-Level Doors | 4 |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.37 AC |
| Rentable Building Area | 10,915 SF |
| No. Stories | 1 |
| Year Built | 1954 |
| Tenancy | Single |
| Parking Ratio | 0.46/1,000 SF |
| No. Drive In / Grade-Level Doors | 4 |
Amenities
- Signage
Property Taxes
| Parcel Number | 02-00-051-142-017 | Improvements Assessment | $74,491 |
| Land Assessment | $13,174 | Total Assessment | $87,665 |
Property Taxes
Parcel Number
02-00-051-142-017
Land Assessment
$13,174
Improvements Assessment
$74,491
Total Assessment
$87,665
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