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520 Broadway
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SEE ALL PHOTOS
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Courtesy of Coldwell Banker Schmidt Realty
For Sale

520 Broadway

520 Broadway, Lorain, OH 44052

$799,900
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.

15,000 Sq.Ft. LIVING AREA

6,098.4 Sq.Ft. lot

Chris Frederick

Chris Frederick

Michele Frederick

Michele Frederick

Features & Amenities

Area & Lot

  • Status For Sale
  • Living Area15,000 Sq.Ft.
  • Total Area15,000 Sq.Ft.
  • Lot Area6,098.4 Sq.Ft.
  • MLS® ID5202333
  • TypeCommercial
  • YEAR BUILT1920
  • School DistrictLorain CSD - 4709

Exterior

  • water SourcePublic
  • roofAsphalt, Fiberglass
  • parkingOff Street
  • HEAT TYPEForced Air, Gas
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer
  • SubstructureBasement

Financial

  • Sales Price$799,900
  • Real Estate Tax $9,585/yr
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Thank you for your interest in 520 Broadway, Lorain, OH 44052. We are reviewing your request and will be in touch shortly!

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