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16100 Lorain Ave
Cleveland, OH 44111
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Excellent redevelopment opportunity or leasing opportunity for your business!
- Within 1-mile of the Cleveland Clinic Fairview Hospital located at 18101 Lorain Ave (w/ $2.475 B in revenue in 2024 via ahd.com) is a 488-bed communit
- Population of 136,226 people in a 3 mile drive radius, and daytime population of 136,226 people in a 3 mile radius
- Located within an 8-minute drive from the Cleveland Hopkins International Airport and 15-minute drive from downtown Cleveland
- Strong traffic counts of 13,954 VPD (Source: ODOT) along Lorain Ave with nearby access to Rocky River Dr (15,881 VPD) and W 150th St (29,679 VPD)
- Impressive Average Household Incomes nearby
EXECUTIVE SUMMARY
±28,794 SF former auto dealership (Ganley Ford West) available for sale or for lease on ±2.46 AC, additional land opportunity available
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
28,794 SF
Building Class
C
Year Built
1948
Price
$2,650,000
Price Per SF
$92.03
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
2.46 AC
Zoning
LR - Local Retail District
Parking
224 Spaces (7.78 Spaces per 1,000 SF Leased)
Frontage
260’ on Lorain Ave
PROPERTY TAXES
| Parcel Number | 025-17-033 | Improvements Assessment | $354,550 |
| Land Assessment | $150,115 | Total Assessment | $504,665 |
PROPERTY TAXES
Parcel Number
025-17-033
Land Assessment
$150,115
Improvements Assessment
$354,550
Total Assessment
$504,665
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