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1657 Broadway Ave
Lorain, OH 44052
Industrial Property For Sale
Investment Highlights
- Heavy day time traffic; New roofs on both buildings; New full sprinkler system for both buildings. The two buildings are connected by a skybridge
- New 2 ramps; New 2 doors; Fenced parking lot with 40 spaces; Epoxy floors inside the warehouse.
- Newly renovated, climate-controlled self-storage facility; New HVAC for both buildings; New 2 furnaces for the warehouse.
Executive Summary
Investment Highlights
65,520 SF industrial and self-storage complex
Two concrete buildings with newer flat roofs
321 climate-controlled self-storage units
Newly renovated self-storage facility
Warehouse suitable for manufacturing, distribution, storage, or owner-user occupancy
On-site 40 parking spaces and strong utility infrastructure
Annual Operating Expenses
Electric: $28,212 | Gas: $17,399 | Water/Sewer: $4,632
Insurance: $26,742 | Real Estate Taxes: $24,508
Significant lease-up and value-add potential
Cap rate is 6% based on projected stabilized income and assumes successful lease-up of the self-storage facility, which is currently vacant.
Disclaimer: All information contained herein has been obtained from sources believed to be reliable; however, no representation or warranty, express or implied, is made as to its accuracy or completeness. Prospective purchasers are advised to conduct their own independent investigations and due diligence regarding the property and all information presented.
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Mezzanine
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
About 1657 BROADWAY AVE , LORAIN, OH 44052
65,520 SF two-building industrial and self-storage complex located in Lorain, Ohio. The property consists of a newly renovated, climate-controlled self-storage facility(321 units) and a functional owner-occupied warehouse. Both buildings are constructed of durable concrete/steel with newer flat roofs and offer strong utility infrastructure and on-site parking. The two buildings are connected by a skybridge. Building 1 – Warehouse, 25,000 SF | Owner-Occupied, Built 1990 Mezzanine level New HVAC system and furnaces Full sprinkler system Epoxy flooring throughout Two loading docks Two drive-in doors with ramps Flexible industrial layout for manufacturing, warehousing, or distribution ~~~~~~~~~~~~~~~~~~ Building 2 – Journal Storage 40,520 SF | 321 Climate-Controlled Units, Built 1953 | Renovated 2024 Two-story climate-controlled storage facility New HVAC system (2025) Full sprinkler system Freight elevator High-efficiency loading dock New drive-through carport Vacant and ready for lease-up ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ For access to confidential offering information, pricing, and due diligence materials, please contact the Listing Broker. An NDA is required.
Property Taxes
| Parcel Numbers | Improvements Assessment | $343,035 | |
| Land Assessment | $25,936 | Total Assessment | $368,971 |
Property Taxes
