1925 Broadway — Sale in Lorain, OH

  • Price: $109K
  • Listing type: For sale
  • Asset type: Business
  • Location: Lorain, OH 44052

Description

Executive Summary JLL, as exclusive advisor, is pleased to present the opportunity to acquire 1925 Broadway (the “Site”), a ±0.69-acre Site located in the City of Santa Monica. With increasingly strong demand for housing in Santa Monica, the Property offers investors a rare development opportunity for multifamily use. The Property benefits from SB 330 vesting rights, streamlining the entitlement process for an 8-story project with a minimum of 193 units. An existing settlement agreement further expedites the Administrative Approval, offering a clear path to development. Santa Monica is a highly desirable market with a population of over 87,000 and a median household income of nearly $109,000. The property at 1925 Broadway offers residents a prime location, nestled in a neighborhood just a 10-minute bike ride from Downtown Santa Monica, the Pier, and surrounding beaches, while remaining removed from the congestion of the tourist areas. The city boasts numerous boutiques, trendy restaurants, and vibrant nightlife, making it the hottest location in Los Angeles, with an attractive mix of entertainment, shopping, and dining.

Market Context

This commercial property in Lorain, OH is listed for sale at $109,000. It has been on the market for 82 days. Compare it against other commercial property listings for sale in Lorain, OH — view the full market.

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