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520 Broadway

$799,900

520 Broadway, Lorain, OH 44052

Active
Last Updated: 06/11/2026

0.14 acres

Lot Area

1920

Year Built

Details:
Lot Area:    0.14 acres
Year Built:    1920
MlsNumber:    5202333
Highlights:
  • Annual Tax: $ 9585.0
  • Cooling: Central A/C
  • General: Elevator
  • Heating Fuel Type: Gas
  • Heating Type: Forced Air
  • Roof: Fiberglass
  • Sewer: Public
  • Water: Municipal Water
Description:

Established & exceptionally well-maintained 3-story professional office building in a prime downtown location at the center of the city's revitalization & entertainment district! Long-term owner-occupied w/pride of ownership evident throughout, prestigious approximately 15,000 sq ft building per owner is nearly fully occupied w/only approximately 500 sq ft currently available. Positioned on a highly visible, busy street just steps from the Port Authority plus within walking distance to the lake, property offers unmatched accessibility & exposure in the heart of downtown activity & city celebrations. Surrounded by ongoing redevelopment and upscale entertainment venues, the location simply cannot be duplicated. Building features a beautiful exterior, excellent street-front signage visibility, elevator access w/ability to lock off individual floors, two stairwells, full basement for additional utility/storage. Lobby has been tastefully upgraded w/tile accents, creating a professional & inviting first impression. Each floor includes two restrooms, and the spacious office suites offer flexibility for a variety of business uses. Current occupants include established attorneys, insurance professionals, & property management. Upper two floors offer flexible occupancy options for potential owner-users or investors, while the first floor remains leased w/stable tenancy in place. Additional improvements include a newer roof, updated air conditioning systems, elevator updates, & abundant windows providing excellent natural light throughout. Access to the newly beautified rear alley further enhances convenience and appeal. Exceptional opportunity for investors, owner-users, or those seeking a prestigious downtown presence w/endless possibilities for future growth & subdivision potential.


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Listing ID: 11aeb29d-f570-4426-8292-ccbaeaf1088e
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