301 Broadway Lorain, OH $ 6,000
301 Broadway
$ 6,000
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301 Broadway

Lorain, OH, 44052
$ 6,000
Baths0.0

Monthly Estimate*

$ 40

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Studio

Commercial Property for sale in Lorain, OH

for $6,000. This building was built in 1925 on a lot size of 0.29.

Attention restaurant/bar and/or entertainment complex investors! Great business opportunity awaits discovery. Be a part of the Historic Ariel Hotel in downtown Lorain, this building was originally built in 1925 and has been totally renovated, Enjoy fantastic views of Lake Erie, the Lighthouse, 2nd largest bascule bridge in the world, and the Black River Landing. Lease this nearly 9000 sq ft diverse lower level open floor plan location (formally used as an entertainment complex restaurant/bar) on site private restrooms, private lower level parking garage and entrance, large lobby area, horseshoe bar with plenty of granite counter top space, 24 x 13 walk in cooler, option kitchen available. The building currently offers 55-room hotel and is conveniently located near Beautiful Lake Erie. Walking distance to everything that Lorain has to offer including but not limited to fishing, boating, hiking, kayaking, Palace Theater, Lakeview Park, shopping, coffee shops, restaurants and so much more. Perfectly located between Cleveland and Sandusky/Cedar Point. The hotel also offers on site amenities including a fine dining restaurant, a bakery, a chocolate shop and gift shops, as well as a swimming pool and exercise room. This premier downtown location is ready and available. Call today for detailed leasing information!

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Commercial Active

Price

$ 6,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.29

Year Built

1925

Town/City

Lorain

County/Region

Lorain

MLS | Web ID

5012495

Features
General
Sewer PublicSewer
Heating ForcedAir Gas
Cooling CentralAir
Possession Negotiable
Roof Flat Rubber
Year Built 1925
Township Lorain
Property SubType HotelMotel
Current Use Commercial Recreational Vacant
Business Type BarTavernLounge HotelMotel Other Recreation Restaurant
County Lorain
New Construction N
Property Type CommercialLease
HOA / Comm Assn N
Attached Garage N
Subdivision Name Black Rivert Twnshp Tr1
Garage Y/N Y
Building Features Elevators PrivateRestrooms ReceptionArea
Status Active
Directions Broadway Ave North
City Lorain
View Y/N N
Senior Community Y/N N
High School District Lorain CSD - 4709
Waterfront Y/N N
Carport Y/N N
Street Name Broadway
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Ok to Lease Negotiable
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 33
Standard Status Active
Middle/Junior School District Lorain CSD - 4709
Elementary School District Lorain CSD - 4709
Property Sub Type Additional HotelMotel
Lease Amount 6000.0
Lease Amount Frequency Monthly
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Interior
Basement None
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Electric On Property Y/N N
Main Level Bathrooms 0
Total Baths 0
Living Area Units SquareFeet
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Exterior
Fencing None
Parking Features Garage OnSite Private
Water Source Public
Lot Size Area 0.29
Spa N
Lot Size Acres 0.29
Lot Size Units Acres
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 301
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* Excluded Features
List By
Andrea Neal

Listing Agent

Russell Real Estate Services

Broker

4nealdeals@gmail.com

Email

Affordability Calculator

$40
Per Month
100%
0%
0%
Monthly Principal & Interest
$40
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4457626 Elementary School
4457488 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/20/2024$6,000 Listed Price

Map


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301 Broadway, Lorain, OH, 44052 is a Commercial Property for sale at $6,000 with a lot size of 0.29. 301 Broadway is a studio with 0.0 baths and was built in 1925. The property's zip code is 44052 which is in Lorain, OH