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Oberlin Avenue Professional Building 4520 Oberlin Ave 5,334 SF Office Building Lorain, OH 44053 $349,000 ($65.43/SF)
Investment Highlights
- Flexible layout suitable for multiple business uses
- Accessible location with proximity to major roadways and residential neighborhoods
- Massive parking lot offers investors/owner-users potential to expand with development of additional buildings
- Strong signage potential
- Value-add potential through leasing up 4 units of medical/office space
- Prime location on Oberlin Avenue with high traffic exposure
Executive Summary
Excellent opportunity to acquire a well-located multitenant commercial property along the highly traveled Oberlin Avenue corridor in Lorain. This 4 unit property offers strong visibility, convenient access, and flexibility for a variety of retail, office, or service-oriented uses. Positioned on a main thoroughfare with steady daily traffic, the site benefits from prominent frontage and easy ingress/egress, making it ideal for owner-users or investors seeking a value-add opportunity in a growing area.
Investment Potential:
Whether you’re looking to establish your own business or expand your portfolio, this property offers long-term upside through repositioning, leasing, or redevelopment. The surrounding area continues to see steady commercial activity, supporting a wide range of uses.
Location Benefits:
Conveniently located near local and national retailers, dining options, and essential services, the property provides excellent accessibility for both customers and employees. Its central location within Lorain makes it a strategic choice for businesses serving the broader community.
Investment Potential:
Whether you’re looking to establish your own business or expand your portfolio, this property offers long-term upside through repositioning, leasing, or redevelopment. The surrounding area continues to see steady commercial activity, supporting a wide range of uses.
Location Benefits:
Conveniently located near local and national retailers, dining options, and essential services, the property provides excellent accessibility for both customers and employees. Its central location within Lorain makes it a strategic choice for businesses serving the broader community.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,334 SF
Building Class
B
Year Built
1979
Price
$349,000
Price Per SF
$65.43
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,334 SF
Building FAR
0.10
Lot Size
1.21 AC
Zoning
Commerical - Medical offices, Professional General Office. https://www.cityoflorain.org/653/Planning-Zoning-Division
Parking
60 Spaces (11.25 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Kitchen
- Storage Space
- Central Heating
- High Ceilings
- Natural Light
- Partitioned Offices
- Reception
- Recessed Lighting
- Drop Ceiling
- Wi-Fi
- Yard
- Monument Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- United Health Care
- Health Care and Social Assistance
- -
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| United Health Care | Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 02-02-006-115-019 | Improvements Assessment | $82,985 |
| Land Assessment | $34,794 | Total Assessment | $117,779 |
Property Taxes
Parcel Number
02-02-006-115-019
Land Assessment
$34,794
Improvements Assessment
$82,985
Total Assessment
$117,779
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Oberlin Avenue Professional Building | 4520 Oberlin Ave
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