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31040 Lorain Rd

2,358 SF 100% Leased Office Building North Olmsted, OH 44070 $399,900 ($170/SF)

Executive Summary

Welcome to 31040 Lorain Road, a versatile commercial office property ideally located in North Olmsted with easy access to I480, I90 and the Ohio Turnpike.This well-maintained building offers an excellent opportunity for businesses seeking a prime location or the property can be easily divided to have two tenants in the main building and rent the garage space too. Situated on 1.2 acres, this property offers plenty of outdoor space for expansion, landscaping or additional parking. Adding additional value and functionality is a 484 SF, two car garage, ideal for storage or as a workspace. Furnace, H2O tank and Electic were all updated in 2008. Building has Pella windows and was remodled in 2008 with many high end fixtures. This property is suitable for a wide range of businesses including professional, medical, trades, and retail. Don't miss this incredible opportunity to own a prime location in North Olmsted. Schedule your showing today!

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,358 SF
Building Class
B
Year Built/Renovated
1951/2018
Price
$399,900
Price Per SF
$170
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,179 SF
Building FAR
0.04
Lot Size
1.22 AC
Zoning
CRG
Parking
20 Spaces (8.48 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
234-04-003
Land Assessment
$57,300
Improvements Assessment
$26,180
Total Assessment
$83,480
  • Listing ID: 33618719

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 31040 Lorain Rd, North Olmsted, OH 44070

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