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RIGHT OF WAY Lorain OH 44053

[Locked] • APN 0100023900001

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Details
Property Type Industrial
Sub Type Distribution, Manufacturing (+1)
Building SqFt 73,360
Lot SqFt 231,975
Acreage ******
Number of Units 1
Zoning Code I-2
Year Built 1993
Opportunity Zone No
Tax Year ******
Days on Market ******
Owner Name LORAIN CITY OF
Owner Mailing Address (Full Address) ******
APN 0100023900001
USPS Vacancy Indicator N
USPS Vacancy Indicator Date 11/02/2022

Property History

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Property Type
Property Type
Industrial
Property Subtype
Distribution, Manufacturing, Warehouse
Marketing Description

Exceptional Large-Scale Industrial Facility in Lorain, Ohio

This impressive 64,060 SF industrial warehouse facility sits on 7.08 acres with I-2 Heavy Industrial zoning and features a recently completed 20,000 SF addition in 2023 alongside the original 40,000 SF warehouse space. The property offers superior logistics, warehousing, distribution or manufacturing capabilities with 8 docks with levelers, 3 overhead doors (14' x 12'), and clear heights ranging from 17.8' to 21.5', plus 4,060 SF of modern two-story office space. Built in 1993 with recent upgrades, the facility includes wet sprinkler system, radiant tube heating, robust 1,200 amp 480V 3-phase power, and 30' x 50' column spacing for maximum operational flexibility. Additional value-added features include a 10,000-gallon above-ground fuel tank on site, fenced parking with outdoor storage capabilities, and an adjacent 1.48-acre parcel for truck parking or outdoor storage (IOS) that is fenced, lit and gated. Priced at $3,650,000 with excellent highway access just 0.7 miles from Route 2, this facility represents a premier opportunity for a company to establish roots in Northeast Ohio’s fastest growing county.


Investment Highlights
  • For sale: $3,650,000

  • Total building size: 64,060 SF

    • 40,000 SF original warehouse space and 20,000 SF addition (completed in 2023)

    • 4,060 SF of modern office space (2 stories)

  • Total Acreage: 7.08 AC

  • Adjacent land parcel (#0100023000038) used as storage & truck parking is included (1.48 AC)

    • Fenced, lit, automatic gate, dolly pad

  • 8 docks w/ levelers

  • 3 overhead doors (14’ x 12’)

  • Wet sprinklers system

  • Radiant tube heat

  • Clear heights: 17.8’-21.5’

  • Power: 1,200 amp, 480v, 3-phase

  • Column spacing: 30’ x 50’

  • Zoning: I-2 Heavy Industrial

  • 10k gallon above-ground fuel tank on site

  • Fenced parking lot and outdoor storage capabilities (IOS)

  • Excellent highway access 0.7 miles to Route 2

Property Type
Property Type
Industrial
Property Subtype
Distribution, Flex, Warehouse
Marketing Description

Prime Warehouse & Flex Opportunity in Lorain, Ohio

This unique 9,300 SF warehouse & flex property sits on 2.45 acres with I-2 Heavy Industrial zoning and offers excellent highway access just 0.7 miles from Route 2.​ The facility features 8,642 SF of clear span warehouse space with 17.9' to 20' clear heights, plus 658 SF of modern office space and five overhead doors ranging from 14 - 16' tall.​ Built in 1996, the property includes radiant tube heating, dual 200-amp electrical panels with 220V service, and a fenced parking lot with outdoor storage (IOS) capabilities.​ The property can potentially be divided into two separate flex/warehouse units, making it ideal for investors or owner-occupiers.​ Priced at $875,000, this turnkey facility presents an outstanding opportunity in a strong industrial corridor with a 3-mile radius population of 16,613 and average household income of $121,717.​

Investment Highlights
  • For sale: $875,000

  • Great IOS opportunity

  • Total Building Size: 9,300 SF

    • 8,642 SF of clear span warehouse / flex space

    • 658 SF of modern office space

  • Total Acreage: 2.45 AC

  • 5 overhead doors: 14’ x 12’ (3), 14’ x 14’ (1), 16’ x 12’ (1)

  • Radiant tube heat

  • Clear height: 17.9’ - 20’

  • Year Built: 1996

  • Power: Two 200-amp panels, 220V; two meters

  • Could be divided into two separate flex/warehouse spaces

  • Fenced parking lot and outdoor storage capabilities (IOS)

  • Excellent highway access 0.7 miles to Route

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listed for sale on
 BY:
SE
Sam Everson PRO
•••.•••.1150
••••••.•••rson@•••.com
Brokerage logo
Listed for sale on
 BY:
DB
Don Bain Jr. PRO
•••.•••.4377
•••.••injr@•••.com
Brokerage logo

Map

Comparable Properties

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Rental Market Overview

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This rental data is based on the nearest market to this property: Medina, OH.
Medina, OH median rent ********
***  ****** **** *** ******** ***
National median ********
Compare median rents across markets
Medina, OH (nearest market)
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
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