1302 Broadway Avenue, Lorain, OH 44052

Property Description

Great opportunity to own a historical building offering multiple income sources. Located at 1302 Broadway in downtown historic Lorain, this building once housed Kutza’s Pharmacy. Lucky for you, the majority of modernization has already been done. The two-story all brick building built in 1910, features a storefront, which has been used for a pharmacy, church, rental hall, professional office space, and includes private Men & Women’s restrooms. Access to the basement offers additional storage and features all new joists. Located behind the storefront is a 2-bedroom, 1 bath apartment. Upstairs are two more apartments; a 2-bedroom, 1 bath, and a 1-bedroom, 1 bath featuring a shared laundry area. Many upgrades have been completed over the last 10 years, including partial roof, furnaces, hot water tanks, Kitchens, Bathrooms, flooring, paint, light fixtures, etc. Best of all, the Utilities have been conveniently separated. On the side of the building, there is an additional parcel which features a gravel parking lot as well as on-street parking. The time is now to invest in this money-maker!!