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Property Description
One story office building with ample parking in a high traffic location near McDonald’s, CVS Pharmacy, Subway, Northwest Bank, Apples, Dollar Tree, T-Mobile, Boost, Taco Bell and much more! Currently leased through May 1, 2025. The tenant, Liberty Tax, is a long term tenant and would like to stay. The lease does increase 3%+ every year and is currently operating at a 9% cap rate. The tenant is responsible for all seasoned maintenance, utilities, internal mechanicals, minor repairs and any updating/remodeling. Office features 2 bathrooms, newer roof (2018) , furnace and a/c (2019) and hot water tank (2022). Don’t miss your chance to own this excellent investment property!
Features
: Gas, Forcedair
: Centralair
: Driveway, Outside
: Publicrestrooms
: Asphalt, Fiberglass
: Publicsewer
18
Address Map
OH
Lorain
Lorain
44053
Oberlin
3380
Avenue
W83° 48' 51.2''
N41° 26' 23.4''
Oberlin Ave, South of Meister Rd.
Property Details
Keller Williams Citywide
Gregory Erlanger
None
1,448 Sqft
2004000516
2847
75x220
02-02-015-105-047
1
1
: Public
$0
: Cash, Conventional
19/01/2023 14:28:26
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3380 Oberlin Avenue, Lorain, Ohio 44053
Commercial Sale For Sale
1,448 Sqft
$199,900
Listing ID #4433073
Basic Details
Property Type : Commercial Sale
Property Sub Type : Office
Levels : One
Listing Type : For Sale
Listing ID : 4433073
Price : $199,900
Square Footage : 1,448 Sqft
Year Built : 1952
Lot Area : 0.23 Acre
Status : Active
Subdivision Location : Willow Creek
Status : Active
Agent info


Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
- Joseph Zingales
- View website
- 440-296-5006
- 440-346-2031
-
josephzingales@gmail.com
-
info@ohiohomeservices.net
Contact Agent