3380 Oberlin Avenue, Lorain, OH 44053
- $187,000
- 1,448
- SqFt
- Sold Price
- $187,000
- List Price
- $199,900
- Status
- CLOSED
- Days on Market
- 71
- Closing Date
- Oct 31, 2023
- MLS#
- 4483919
- Subtype
- Commercial Sale
- Year Built
- 1952
- Living Area
- 1,448
- Acres
- 0.23
- Subdivision
- Willow Creek
- Neighborhood
- Willow Creek
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!
Additional Information
- Taxes
- $2,859
- Heating
- Forced Air, Gas
- Air Conditioning
- Central Air
- Roof
- Asphalt, Fiberglass
- Parking Features
- Outside, Paved
- School District
- Lorain CSD - 4709
Listing Courtesy of: Theresa Brannen, theresa@bhhspro.com With BHHS Professional Realty
Selling Office: BHHS Professional Realty.Mortgage Calculator
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