27105 Lorain Rd, North Olmsted, OH 44070
5,547 SF | Retail Building | North Olmsted, OH 44070 | $685,000 ($123/SF) | 8% Cap Rate
For Sale
Active
Asking Price $685,000
- Property Type
-
Retail
- Square Feet
- 5,547 SF
- Price / Square Foot
- $123
Listing Contacts
Ben Chmielewski
Property Overview
Great investment opportunity with a NNN tenant in place with a month-to-month lease payment of $4,500. This tenant, Jesri Stone LTD, is a granite countertops installation company providing other natural stone fabrications. They have been a great tenant for the past 15 years and the owner decided to have them continue on a month-to-month basis to provide the new owner with maximum flexibility. Opportunities include continuing to lease mtm, raising the rent and entering into a long term lease, or converting the property to an owner occupant situation. Also, the property can be improved and converted for many other uses. For example, it had previously been an auto repair garage.
Property Details
- Class
- C
- Year Built
- 1960
- Stories
- 1
- Property Subtype
- Freestanding, Manufacturing, Showroom, Warehouse
- Lot Size (sq. ft)
- 11,761 SF
Highlights
- Great showroom space
- Very functional light manufacturing area
- Abundant storage areas
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