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Former Payless Shoe Source 5064 Grove Ave 4,108 SF Retail Building Lorain, OH 44055 $387,000 ($94.21/SF)
INVESTMENT HIGHLIGHTS
- High Traffic Retail on Rt-57 in Lorain
- 12,300 VPD on Rt-57 - Next to Klutch Cannabis Dispensary
- Sale Price: $387,000
- For Sale or Lease with 160' Frontage
- Large Parking Lot (35+ Spaces) - Large Road Sign
- Lease Rate: $13.00 - 15.00/sq ft MG
EXECUTIVE SUMMARY
Freestanding retail building for sale or lease - right off of Rt-57
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,108 SF
Building Class
C
Year Built
1980
Price
$387,000
Price Per SF
$94.21
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.48 AC
Zoning
Commercial
Parking
23 Spaces (5.6 Spaces per 1,000 SF Leased)
Frontage
160’ on Grove Ave
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 4,108 SF
- Retail
- -
- 30 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,108 SF | Retail | - | 30 Days |
1st Floor
| Size |
| 4,108 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03-00-109-120-024 | Improvements Assessment | $71,162 (2024) |
| Land Assessment | $5,075 (2024) | Total Assessment | $76,237 (2024) |
PROPERTY TAXES
Parcel Number
03-00-109-120-024
Land Assessment
$5,075 (2024)
Improvements Assessment
$71,162 (2024)
Total Assessment
$76,237 (2024)
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Former Payless Shoe Source | 5064 Grove Ave
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