1039 Bridge Drive, Lorain, OH 44052

Property Description

Industrial warehouse (Zoned I-1 per Lorain City Zoning Map) just over 10,000 sq ft on 2 acres with a ton of paved parking and 2 ingress/egress access point doors. It currently has one tenant occupying a small portion of the interior space (~1400 sq ft) paying $1200/month. Since the majority of the interior of the building is empty this would be perfect for an owner user OR a great opportunity as an income producer by getting the additional interior space leased up on stronger NNN leases. There is also an exterior parking space leased to an RV for $80/month. The building has a newer roof and gutters, updated electrical, 2 newer overhead gas furnaces and a new alarm system. Tenant wants to stay and is on a month-to-month lease and the owner currently pays for utilities. The upside here is to implement triple net leases as well as lease out more of the exterior space to trucking companies, campers, RV's etc. and a big opportunity to create outdoor storage spaces to rent out.