520 Broadway,Lorain, OH 44052
Lorain, OH 44052
Description
Established & exceptionally well-maintained 3-story professional office building in a prime downtown location at the center of the city’s revitalization & entertainment district! Long-term owner-occupied w/pride of ownership evident throughout, prestigious approximately 15,000 sq ft building per owner is nearly fully occupied w/only approximately 500 sq ft currently available. Positioned on a highly visible, busy street just steps from the Port Authority plus within walking distance to the lake, property offers unmatched accessibility & exposure in the heart of downtown activity & city celebrations. Surrounded by ongoing redevelopment and upscale entertainment venues, the location simply cannot be duplicated. Building features a beautiful exterior, excellent street-front signage visibility, elevator access w/ability to lock off individual floors, two stairwells, full basement for additional utility/storage. Lobby has been tastefully upgraded w/tile accents, creating a professional & inviting first impression. Each floor includes two restrooms, and the spacious office suites offer flexibility for a variety of business uses. Current occupants include established attorneys, insurance professionals, & property management. Upper two floors offer flexible occupancy options for potential owner-users or investors, while the first floor remains leased w/stable tenancy in place. Additional improvements include a newer roof, updated air conditioning systems, elevator updates, & abundant windows providing excellent natural light throughout. Access to the newly beautified rear alley further enhances convenience and appeal. Exceptional opportunity for investors, owner-users, or those seeking a prestigious downtown presence w/endless possibilities for future growth & subdivision potential.
Details
| MLS # | 5202333 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 105 |
| Listing Provided By | Coldwell Banker Schmidt Realty | Christopher A Frederick |
Features
| SQ Feet | 15,000 |
|---|---|
| Basement | Y |
| Building(s) | 1 |
| Acreage | 0.14 |
Parking
| Parking Features | Off Street |
|---|
Taxes
| Tax Annual Amount | 9585 |
|---|
Area Information
| State | OH |
|---|---|
| County | Lorain |
| City | Lorain |
| Zip Code | 44052 |
| Listing VS Median (in 44052) | |
Price: $799,900 low | high Med: $165,000 sqft: 15,000 low | high Med: 1,744 $ / sqft: $53 low | high Med: $95 On site: 105 low | high Med: 36.5 | |
Market Activity 44052
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Learn More About This Property
| State | OH |
|---|---|
| County | Lorain |
| City | Lorain |
| Zip Code | 44052 |
| Listing VS Median (in 44052) | |
Price: $799,900 low | high Med: $165,000 sqft: 15,000 low | high Med: 1,744 $ / sqft: $53 low | high Med: $95 On site: 105 low | high Med: 36.5 | |