Log In/Sign Up
Your email has been sent.
3308 Lorain Ave 4,749 SF Office Building Cleveland, OH 44113 $750,000 ($157.93/SF)
Investment Highlights
- Rare Ohio City opportunity with on-site parking.
- Prime Lorain Avenue frontage with strong traffic.
- Flexible retail or office use - easily convertible to retail, restaurant, or service use under LR (Local retail zoning).
- Located in an opportunity zone.
Executive Summary
Rare Ohio City Opportunity with On-Site Parking — One of the few properties on Lorain Avenue offering a dedicated parking lot with 18 surface spaces (and 2 garage spaces), a significant competitive advantage in this dense urban corridor. Flexible Retail or Office Use — 4,749 SF single-story brick building currently built out as office with a full kitchen; easily convertible to retail, restaurant, or service use under LR – Local Retail zoning. Prime Lorain Avenue Frontage with Strong Traffic — Positioned along one of Ohio City’s most active corridors with 11,183 vehicles per day, offering exceptional visibility and access with two curb cuts. Surrounded by Ohio City’s Best — Walkable to West Side Market, Planet Fitness, Lutheran Hospital, and an established mix of restaurants, fitness, and retail tenants that drive consistent foot traffic to the submarket. Great visibility along the heavily trafficked Lorain Avenue. Offered at $750,000 on 0.38 Acres — Competitively priced for an owner-user or investor seeking a rare freestanding building with parking in one of Cleveland’s most sought-after neighborhoods.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
4,749 SF
Building Class
C
Year Built/Renovated
1953/2020
Price
$750,000
Price Per SF
$157.93
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,749 SF
Building FAR
0.29
Lot Size
0.38 AC
Opportunity Zone
Yes
Parking
20 Spaces (4.21 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 003-36-054 | Improvements Assessment | $130,130 |
| Land Assessment | $58,345 | Total Assessment | $188,475 |
Property Taxes
Parcel Number
003-36-054
Land Assessment
$58,345
Improvements Assessment
$130,130
Total Assessment
$188,475
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
3308 Lorain Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.