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1301 Brownell Ave
Lorain, OH 44052

Industrial Property For Sale

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Investment Highlights

Newly refinished flooring.
New Roof

Recent installation of LED lighting.

Executive Summary

Presenting a versatile multi-use industrial property situated in Lorain. This distinctive property encompasses a total of 3,075 square feet, formerly operated as a motorcycle repair shop. The offering includes 760 square feet in the garage and 1,732 square feet in the main building, providing flexible space for a range of applications. The property has undergone significant improvements. Most of the electrical systems in the main building have been updated, including the installation of LED lighting, newly refinished flooring, updated bathroom and painting. Additionally, a new roof has been installed September 2024.
All property details, including condition and potential uses, should be verified by the purchaser. It is the responsibility of the purchaser to conduct their own due diligence and confirm all aspects and uses of the property. The pipe adjacent to the stairs is designated for an air hose; an air compressor can be accommodated in the closet beneath the stairs (not included). The metal shelving in the garage will remain in place. Please note that the property is being sold as-is.

PROPERTY FACTS

Sale Type	Owner User	No. Stories	1
Property Type	Industrial	Year Built	1950
Property Subtype	Service General Retail Freestanding	Tenancy	Single
Building Class	C	Parking Ratio	3.25/1,000 SF
Lot Size	0.13 AC	No. Drive In / Grade-Level Doors	1
Rentable Building Area	3,075 SF	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Owner User
Property Type	Industrial
Property Subtype	Service General Retail Freestanding
Building Class	C
Lot Size	0.13 AC
Rentable Building Area	3,075 SF
No. Stories	1
Year Built	1950
Tenancy	Single
Parking Ratio	3.25/1,000 SF
No. Drive In / Grade-Level Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Signage

Lighting
Gas
Water
Sewer
Heating

PROPERTY TAXES

Parcel Number	02-02-025-103-031	Improvements Assessment	$23,935 CAD
Land Assessment	$4,455 CAD	Total Assessment	$28,389 CAD

PROPERTY TAXES

Parcel Number

02-02-025-103-031

Land Assessment

$4,455 CAD

Improvements Assessment

$23,935 CAD

Total Assessment

$28,389 CAD

Listing ID: 33198823
Date on Market: 2024-09-16
Last Updated:
Address: 1301 Brownell Ave, Lorain, OH 44052

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