520 Broadway, Lorain, OH 44052

$799,900
  • 520 Broadway, Lorain, OH 44052 Main Photo

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New to the Market Active
MLS#5202333
STATUSActive PROPERTY TYPECommercial - Office SCHOOLLorain City

Property 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.

520 Broadway | MLS# 5202333

This commercial property located at 520 Broadway, Lorain, OH 44052 is currently listed for sale with an asking price of $799,900. Broadway is located within the Lorain City school district. Search Lorain real estate on www.mcrealestateohio.com today.

Property Features

Property Type: Commercial - Office
Basement: Full, Unfinished
Basement: Yes
Cooling: Central Air
Heating: Forced Air, Gas
Lot Size: 0.14 Acres
Roof Type: Asphalt, Fiberglass
Taxes: $9,585 / year
Year Built: 1920

Feature Descriptions

Building Features: Elevator(s), Private Restrooms, Storage
Days on Site: 1
Parcel#: 02-01-004-103-020
Parking: Off Street
Sewer: Public Sewer
Water: Public

Local Schools

School District: Lorain City

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Schmidt Realty
Agency Contact: thefrederickteam@gmail.com, 216-210-7653

Shown By

Agency Title: M.C. Real Estate
Agency Phone: (330) 723-9911

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