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Rosewood Place, Rosebud Party Center 3 Specialty Properties Offered at $655,000 in Lorain, OH

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INVESTMENT HIGHLIGHTS

  • Rosewood Place is a reception/banquet hall that accommodates up to 280 people. Rosebud is a reception/banquet hall that accommodates up to 180 people

EXECUTIVE SUMMARY

This exceptional turnkey commercial property in a high-traffic location presents a rare opportunity for entrepreneurs and investors alike with Turnkey Banquet Hall, Catering Business, and Income-Generating Barbershop. Prime Commercial Real Estate Opportunity with huge growth potential as current owners currently concentrate on weekend business only.
Dual Event Venues:
• Rose Bud: Ideal for intimate gatherings and smaller events.
• Rosewood Place: Perfectly suited for larger celebrations and events.
• Fully Equipped Kitchen: A modern, updated kitchen for food preparation and service supports both event spaces and catering operations.
• Income-Generating Barbershop: Long term tenant in separate storefront barbershop provides consistent lease income, diversifying the property's revenue stream.
• Heavy Traffic Area: High visibility and constant exposure in a bustling area drive business and provide marketing advantages.
• ADA Approved: The property's ADA compliance ensures accessibility for all patrons and reduces potential legal liabilities. Benefits for buyers/investors:
• High growth potential: Capitalize on the demand for event spaces and catering services in a thriving community.
• Reduced startup costs: Take advantage of an existing setup with established amenities and infrastructure.
• Prime Location: Maximize exposure and customer engagement in a high-visibility and easily accessible area. This unique property is an exceptional opportunity to acquire a robust business with significant growth potential and a secure income stream.

PROPERTY FACTS

Price $655,000
Price / SF $48.71 / SF
Sale Type Investment or Owner User
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 13,447 SF
Total Land Area 9.11 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Rosewood Place
4493 Oberlin Ave, Lorain, OH 44053
Specialty 7,015 SF 1980 -
Rosebud Party Center
4489 Oberlin Ave, Lorain, OH 44053
Specialty 5,600 SF 2002 -
4485 Oberlin Ave, Lorain, OH 44053 Specialty 832 SF 1998 -
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  • Listing ID: 37454524

  • Date on Market: 8/28/2025

  • Last Updated:

  • Address: Rosewood Place, Rosebud Party Center, Lorain, OH

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