• Broker Terry Coyne 2162180259
  • Broker Claire Coyne 2164533015

3404 Lorain Ave 4,032 SF 100% Leased Office Building Cleveland, OH 44113 $1,250,000 ($310.02/SF) 7% Cap Rate

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ATTACHMENTS

3404 Lorain Road Flyer

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,032 SF
Building Class
B
Year Built/Renovated
1930/2022
Price
$1,250,000
Price Per SF
$310.02
Cap Rate
7%
NOI
$87,500
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,344 SF
Building FAR
0.25
Lot Size
0.37 AC
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.
Zoning
Commercial
Parking
2 Spaces (0.5 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (74)

PROPERTY TAXES

Parcel Number 003-36-058 Improvements Assessment $180,285
Land Assessment $10,290 Total Assessment $190,575

PROPERTY TAXES

Parcel Number
003-36-058
Land Assessment
$10,290
Improvements Assessment
$180,285
Total Assessment
$190,575

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ADDITIONAL PHOTOS

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  • Listing ID: 30474148

  • Date on Market: 12/28/2023

  • Last Updated: 6/12/2025

  • Address: 3404 Lorain Ave, Cleveland, OH 44113