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5360 Oberlin Ave , Lorain, OH 44053

Lorain, OH 44053

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Description

Investment Opportunity!! 6-Unit Commercial Building - Zoned B-2 Commercial Business - City of Lorain - Live Auction with Online Bidding Available. ABSOLUTE AUCTION, all sells to the highest bidder on location. ONLINE BIDDING BEGINS TUESDAY, AUGUST 22, 2023 12:00 PM and AUCTION LIVE ON-SITE BIDDING WILL BEGIN FRIDAY AUGUST 25, 2023 12:00 PM. Mixed-use commercial condo complex w/ 6 deeded condo spaces that have been converted into one interconnected space. Previously used as a restaurant and bar featuring multiple dining areas, a kitchen, a bar & two restrooms. 6 separate electric meters, gas F/A heat, central A/C. Zoned B-2 Commercial Business. Paved parking area. Brick & vinyl sided built in 1990 w/ approx. 3,920 total SF. Nice building adaptable for many uses. Convenient location! Public utilities. Parcel #02-02-005-700-013, #02-02-005-700-012, #02-02-005-700-011, #02-02-005-700-010, #02-02-005-700-009, #02-02-005-700-008. Half-year taxes are $1,430.46. The building will be open for viewing on auction day starting at 10:30 AM. Terms On Real Estate: 10% down auction day, balance due at closing. A 10% buyers premium will be added to the highest bid to establish the purchase price. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed. Property to be sold as an Entirety and not to be offered in separate parcels.

Details

MLS#4481806
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1990
Days On Site347
Listing Provided ByKiko | Ashley M Ritchey

Features

SQ Feet3,920

Market Activity 44053

The information is being provided by MLS Now Independence OH. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MLS Now Independence OH. All Rights Reserved.

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Listings Checked: 4 hours ago
StateOH
CountyLorain
CityLorain
Zip Code44053
Community NameSalem Court Condo
Listing VS Median (in Salem Court Condo)
SqFt:
3,920
low | high
Med:
3,920
50% of Average
On Site:
347
low | high
Med:
347.000000
100% of Average
Sourced by Back At You
Listing Updated: August 12, 2023 at 3:44:05 AM PDT