- For Sale $498,000
- Property Type Retail
- Property Size 13,816 SF
- Lot Size 1.05 Acre
- Parking Spaces Avail. 50
- Parking Ratio 3.62 / 1,000 SF
- Date Updated Nov 15, 2023
●PORTFOLIO OF TWO PROPERTIES – Consisting of two parcels, one with a ±10,915 SF Auto Repair building on about ±0.36-acre and the neighboring ±0.69-acre parcel with a ±2,901 SF former McDonalds. There is huge potential for remodel, redevelopment, and/or re-tenant.
●TURNKEY AUTOMOTIVE REAL ESTATE – Fully equipped auto body facility with 6 drive in doors, 1 - 12ft drive in door. Includes paint booth, 2 car lifts, compressors, and much more. Perfect addition to your growing automotive business or turnkey start to your first location.
●PRICED WELL BELOW REPLACEMENT COST – This is your chance. Priced at $36 PSF, this property allows a new owner-user / investor to purchase these assets vastly below replacement or start-up cost.
●HIGH TRAFFIC DEVELOPING CORRIDOR – Join McDonalds, Wendy’s and a newly constructed (2023) Taco Bell near the intersection of Colorado Ave (±6,000 VPD) and Henderson Dr (±15,000 VPD).
●GROWING MARKET AREA – Lorain has a dense consistently growing dynamic market with a population of 52,064 within 3-miles and 88,021 within 5-miles.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
-
Walk Score ®
37/100
Car-Dependent
-
Bike Score ®
38/100
Somewhat Bikeable
- City Lorain, OH
- Neighborhood Lorain
- Zip Code 44052
- Market Cleveland Akron
Points of Interest
-
Elyria
7.30 miles
-
Marathon
2.38 miles
-
Sunoco
2.40 miles
-
Speedway
3.02 miles
-
Speedway
3.24 miles
-
Shell
3.64 miles
-
Pure
3.96 miles
-
Meijer
4.09 miles
-
Sunoco
4.19 miles
-
GetGo
4.20 miles
-
Marathon
4.21 miles
-
RV Parking
6.73 miles
-
Bus Parking
6.76 miles
-
Car Parking
6.78 miles
-
Truck Parking
6.85 miles
-
Bus Parking
7.03 miles
-
RV Parking
7.06 miles
-
West Lot
7.81 miles
-
South Lot
7.86 miles
-
North Lot
7.96 miles
-
Animal Clinic Northview Parking Lot
8.64 miles
-
Gyros & More
0.72 miles
-
Campana's International Cafe
0.86 miles
-
El Keffon Grand Buffet
0.92 miles
-
Domino's Pizza
0.95 miles
-
Boriken Urban Juke Joint
0.97 miles
-
Union Town Provisions
0.99 miles
-
Jackalope Lakeside
1.00 miles
-
Golden Crown
1.09 miles
-
Selenti's Pizza
1.43 miles
-
Five Alarm PizzA
1.65 miles
-
Fligner's Market
0.94 miles
-
Sav-a-Lot
1.10 miles
-
Apples
2.14 miles
-
Big Lots
2.71 miles
-
Apples
2.83 miles
-
Apples
3.11 miles
-
Marc's
3.24 miles
-
Walmart Supercenter
3.55 miles
-
Kohl's
3.70 miles
-
Save-A-Lot
4.09 miles
Frequently Asked Questions
What is the lease rate for 1354 & 1342 Colorado Ave?
Rental asking rate at 1354 & 1342 Colorado Ave is $249,000.00/YR.
What is the total square footage of 1354 & 1342 Colorado Ave?
1354 & 1342 Colorado Ave totals 13,816 square feet.
Looking for more in-depth information on this property?
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
