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2711 W 40th St - 2711 W 40th Street 25,176 SF Specialty Building Offered at $1,900,000 in Lorain, OH 44053
Investment Highlights
- 17.24-acre infill redevelopment opportunity.
- Established residential location with adjacent retail amenities.
- Excellent opportunity for residential, senior housing, institutional, or mixed-use redevelopment (subject to approvals)
- Existing 25,176 SF structure suitable for renovation or demolition.
- Rare large-acreage tract in a mature community.
Executive Summary
This 17.24-acre site presents an exceptional redevelopment opportunity in an established residential neighborhood. The property includes an existing 25,176-square-foot church building that requires substantial renovation or demolition, providing flexibility for a wide range of redevelopment possibilities. Alternatively, the structure could be renovated for continued use by a new congregation.
The property’s location offers the best of both worlds—a quiet residential setting with the added benefit of direct adjacency to the rear of an established retail shopping plaza. Its size, location, and redevelopment potential make it an attractive opportunity for developers, investors, religious organizations, or other potential users.
For additional information or to schedule a property tour, please contact Chad Whitmer or Jeff Davis.
The property’s location offers the best of both worlds—a quiet residential setting with the added benefit of direct adjacency to the rear of an established retail shopping plaza. Its size, location, and redevelopment potential make it an attractive opportunity for developers, investors, religious organizations, or other potential users.
For additional information or to schedule a property tour, please contact Chad Whitmer or Jeff Davis.
Property Facts
| Price | $1,900,000 | Building Class | C |
| Price Per SF | $75.47 | Lot Size | 17.29 AC |
| Sale Type | Investment | Building Size | 25,176 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Religious Facility | Year Built | 1987 |
| Zoning | R-1 C - Medium Density Family District | ||
| Price | $1,900,000 |
| Price Per SF | $75.47 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | C |
| Lot Size | 17.29 AC |
| Building Size | 25,176 SF |
| No. Stories | 1 |
| Year Built | 1987 |
| Zoning | R-1 C - Medium Density Family District |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $66,728 | |
| Land Assessment | $103,414 | Total Assessment | $170,142 |
Property Taxes
Parcel Numbers
Land Assessment
$103,414
Improvements Assessment
$66,728
Total Assessment
$170,142
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