50
See all 50 photos
$705,000
Est. payment /mo
0.74 Acres Lot
Active
4489 Oberlin AVE Lorain, OH 44053
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Black River Township Tr #1
MLS Listing ID 5142598
HOA Y/N No
Year Built 1998
Annual Tax Amount $12,200
Tax Year 2024
Lot Size 0.740 Acres
Acres 0.74
Property Sub-Type Mixed Use
Property Description
This exceptional turnkey commercial property in a high-traffic location presents a rare opportunity for entrepreneurs and investors alike with Turnkey Banquet Hall, Catering Business, and Income-Generating Barbershop.
Prime Commercial Real Estate Opportunity with huge growth potential as current owners currently concentrate on weekend business only.
Dual Event Venues:
• Rose Bud: Ideal for intimate gatherings and smaller events.
• Rosewood Place: Perfectly suited for larger celebrations and events.
• Both venues are ADA approved, ensuring accessibility for all guests.
• Fully Equipped Kitchen: A modern, updated kitchen for food preparation and service supports both event spaces and catering operations.
• Income-Generating Barbershop: Long term tenant in separate storefront barbershop provides consistent lease income, diversifying the property's revenue stream.
• Heavy Traffic Area: High visibility and constant exposure in a bustling area drive business and provide marketing advantages.
• ADA Approved: The property's ADA compliance ensures accessibility for all patrons and reduces potential legal liabilities.
Benefits for buyers/investors:
• High growth potential: Capitalize on the demand for event spaces and catering services in a thriving community.
• Reduced startup costs: Take advantage of an existing setup with established amenities and infrastructure.
• Prime Location: Maximize exposure and customer engagement in a high-visibility and easily accessible area.
This unique property is an exceptional opportunity to acquire a robust business with significant growth potential and a secure income stream.
Prime Commercial Real Estate Opportunity with huge growth potential as current owners currently concentrate on weekend business only.
Dual Event Venues:
• Rose Bud: Ideal for intimate gatherings and smaller events.
• Rosewood Place: Perfectly suited for larger celebrations and events.
• Both venues are ADA approved, ensuring accessibility for all guests.
• Fully Equipped Kitchen: A modern, updated kitchen for food preparation and service supports both event spaces and catering operations.
• Income-Generating Barbershop: Long term tenant in separate storefront barbershop provides consistent lease income, diversifying the property's revenue stream.
• Heavy Traffic Area: High visibility and constant exposure in a bustling area drive business and provide marketing advantages.
• ADA Approved: The property's ADA compliance ensures accessibility for all patrons and reduces potential legal liabilities.
Benefits for buyers/investors:
• High growth potential: Capitalize on the demand for event spaces and catering services in a thriving community.
• Reduced startup costs: Take advantage of an existing setup with established amenities and infrastructure.
• Prime Location: Maximize exposure and customer engagement in a high-visibility and easily accessible area.
This unique property is an exceptional opportunity to acquire a robust business with significant growth potential and a secure income stream.
Location
State OH
County Lorain
Interior
Heating Gas
Cooling Central Air
Fireplace No
Exterior
Water Access Desc Private
Present Use Mixed Use
Building
Sewer Private Sewer
Water Private
Schools
School District Lorain Csd - 4709
Others
Tax ID 02-01-008-101-378
Listed by Lisa M Paradise • Howard Hanna • lisaparadise@howardhanna.com, 440-897-1631