506 BroadwayLorain, OH 44052

For Sale
$255,000

Prime Location, 4000 sq ft, Multi-Use

Overview

Added:
Feb 11
Days on market:
30
This exceptional 4,000 square foot commercial property, located at 506 Broadway in Lorain, Ohio, presents a unique investment opportunity. Built in 1900, this first-floor space boasts a prime location in the revitalized downtown Lorain Broadway Streetscape. Its versatile layout is ideal for a variety of uses, including restaurant, storefront retail, or traditional office space. The property sits on a 0.01-acre lot and offers significant potential for a long-term lease. The asking price is $255,000. Please note that a minimum of 24 hours' notice is required for showings. Access to the basement is strictly prohibited without prior arrangement due to security measures. This property is perfectly situated to capitalize on the ongoing revitalization efforts in downtown Lorain, offering high visibility and accessibility to a thriving community. The flexible space allows for customization to suit a wide range of business needs. Don't miss this chance to own a piece of Lorain's vibrant commercial landscape.

Highlights

  • $255,000 asking price for a 4,000 sq ft building.
  • Located at 506 Broadway, Lorain, OH 44052.
  • Property type: Office and Retail; Subtypes: Restaurant, Storefront, and Traditional Office.
  • Built in 1900, situated on a 0.01-acre lot.
  • Prime downtown Lorain location on the revitalized Broadway Streetscape.

Property Details for 506 Broadway

Property type
Other retail properties, Individual retail properties
Square Feet
4,000 SF
Year Built
1900
Lot Size (sq. ft)
436 SF

Location Insight

City
Lorain
County
Lorain
State
Ohio
Latitude
41.4664809
Longitude
-82.1761843
506 Broadway, Lorain, Ohio

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506 Broadway
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