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1735 Broadway
Lorain, OH 44052
Take good discount(Lease Or Sale)-Win Win Win · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
11,934 SF
Building Class
C
Year Built/Renovated
1920/2018
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.62 AC
Zoning
PCD/CG/MultiF,Mixed use,
Parking
20 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
250’ on Broadway Ave

AMENITIES

  • Bus Line
  • Corner Lot
  • Courtyard
  • Raised Floor
  • Security System
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning

ABOUT 1735 BROADWAY , LORAIN, OH 44052

A) The ceiling height varied and as follows: i) Offices area +/- 8Ft; ii) Store area +/- 12 Ft; iii) Warehouse area +/- 12 Ft to +- 13 Ft; iv) Basement +/- 8+ Ft. B) 100Ft Road front building plus 3/4th basement of the entire first floor: 11,934 Sq Ft First floor and about 8,973 full height basement (together +/- 20,907 Sq Ft GLA). The building consists of four parcels (xx006-09) of 100 ft wide road front (4 X25ft = 100Ft) and 119.65 ft depth and xx006-008 parcels have a full basement of about 8973 Sqft. C) 150ft parking lot road front from both Broadway & Elyria: The additional two parcels (xx009 and xx022) have 150 ft parking lot road front (25 ft + 125 ft) - attached the related pics. D) 5 entrances to the building: Two entrances from the 4 lane Broadway, side entrance to the parking lot, and two entrances(one with new garage door and opener) to the back Elyria road. The building is at the junction of Broadway and Elyria roads heading towards Lorain Downtown. In addition, the building is between 10 story apartment complex and the Global Plastic company. The building has adjacent parking lots with billboards. E) Better usage of the basement with powered escalator: The basement has powered escalator (besides wide concrete steps from two locations) through which the equipment can be moved to and from the basement for the business or other need. F)Parking: The 150 ft road front land (consists of parcel xx-005 and xx-022)has parking lot entrances from both the broadway(4 lane road) and Elyria (2 lane road) with appropriate Curb Cuts. In addition, the storefront Broadway has parking lots lane and only a wide footpath separates from the building. G) Possible indoor drive-through: If needed, the indoor drive-through is possible from the 2nd entrance on Broadway (garage door width type entrance and in level with the Broadway road) through the building to the Elyria side garage. Or those entrance and exists can be modified to fit for truck entrance/deliveries. With the broader zoning and the flexible and friendly Lorain city help, the building use is up to the buyer's imagination. Take a discount for the modifications and make a discounted offer. H) If you like to explore your business potential, you can obtain precommitment at your discount price from the seller (without obligation to the buyer) while pursuing the due diligence. Also, the property is available for the lease option too. I) A lot of improvements were made from the purchase time. However, no limit as to what can be done more or based upon your business needs what modifications are required. Hence, feel free to take a discount from the list price, either you are buying or leasing, so you can use the funds accordingly. J) The premises also have a NightOwl security camera system with 2TB memory and up to 16 camera ports. It can be monitored live remotely via internet/smart and computer devices. Or more conveniently the storage system can be swapped with spare ones on the basis of the needs. K) The floors including the basement ceiling are with reinforced concrete and the building roof is supported with steel beams. L) The subject property surrounded by Gyros & More, Tuffy’s, Kennedy Plaza, Spectrum, Family Dollar, Fligners Market, Edy’s Complete Auto Repair, Shirley’s Lounge, Broadway Auto Repairs & Services, Lake Screen Printing, T Mobile Wireless Service, Chase Bank/ATM, Advanced Auto Parts, Luis Auto Service, Rent A Center, LifeCare Ambulance, Bugsy’s Coach Works, Pallens Auto Concepts, Autozone Auto Parts, Sunoco with C-Store and fast food, Lorain Auto, etc. Some of these visible in the loaded aerial view photographs.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 02-01-003-149-022
  • 02-01-003-149-007
  • 02-01-003-149-006
  • 02-01-003-149-005
  • 02-01-003-149-008
  • 02-01-003-149-009
Land Assessment
$14,816
Improvements Assessment
$52,329
Total Assessment
$67,144
  • Listing ID: 16427219

  • Date on Market: 6/23/2019

  • Last Updated:

  • Address: 1735 Broadway, Lorain, OH 44052

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