24101-24201 Lorain Rd
North Olmsted, OH 44070
Internet Proof Retail - Huge Daily Traffic · Retail Property For Sale
Investment Highlights
- 90% Leased Neighborhood Strip Center with Ideal Tenant Mix
- Safe Haven Asset - Stabilized Property with 12 Tenants in Various Size Ranges and Newer Build Outs Provides a Hedge Against Future Vacancy Risk
- Low In-Place Rents Averaging Only $11.40 Per Square Foot
- Multiple Newly-Built-Out Restaurants, Salons, Daily Needs Tenants and Child Care - Excellent Daily Needs Center
- Dominant Location - Situated in the Core of North Olmsted’s Retail Trade Area with Over 22,000 Vehicles Passing the Site Daily
- Many New Upgrades - New Storefronts and Facades 2016/2017 and New Tenant Build Outs between 2016-2019
Property Facts
About 24101-24201 LORAIN RD , NORTH OLMSTED, OH 44070
North Olmsted is a southwest suburb of Cleveland, Ohio, and has approximately 32,000 residents. Within three miles from the center of the city, there are approximately 33,000 employees, along with 64,000 people earning an average household income of roughly $84,000. The city is known for its host of retail and restaurant amenities located along Lorain Road, Great Northern Boulevard, and Brookpark Road, including the 1.2 million square foot Great Northern Mall. Nearly every major retailer, both national and regional, has a presence in the city and some have more than one location. Due to the city’s Interstate 480 access, proximity to the Cleveland Hopkins International Airport (2 miles west), and sprawling retail, restaurant, and hospitality offerings, the city draws shoppers, employees, and travelers from miles in all directions and is the major shopping destination on Cleveland’s West Side. In addition to the hundreds of small and medium-sized business located in the city, Moen Incorporated, North America’s top manufacturer of faucets, is headquartered in North Olmsted and has over 600 employees on site.
Property Taxes
| Parcel Number | 237-04-006 | Improvements Assessment | $704,130 |
| Land Assessment | $349,090 | Total Assessment | $1,053,220 |
Property Taxes
