Property Details:

• Property Type: Retail
• Listing Type: Sale
• Year Built: 1967
• Building Size (SF): 32,422
• Square Feet Available: 32,422 SF
• Sale Price: $2,900,000
• Submarket: Lorain County Area - NW-Z3
• County: Lorain County

• General Information
  • Construction Status: Existing
  • Primary Use: Retail
• Size & Area
  • Building SF: 32,422
  • Land Size (Acres): 1.95
• Height & Structural Specs
  • # Floors: 2
• Parking & Access
  • Parking Spaces: 56
• Zoning & Development
  • Parcel Number: 0625128000006, 0625128000005

Property Description:

Single-Tenant School: 100% leased to Spectrum Growth, Inc., a specialty school for students with autism. Long-Term Lease: Runs through 2034 to a proven operator. Property was purchased and renovated for their specific use. Stable Income: $280,000 NOI, offered at $2.9M (~9.5% cap). Low-Maintenance Ownership: Tenant pays utilities, minor repairs, taxes and insurance. Renovated 2024: Full buildout completed, with no near-term capital spending expected Recession-Resistant. Demand: Autism diagnoses are rising, and Ohio scholarships pay up to $34,000 per student. Prime Location: Lorain County seat, with direct access to I-90, the Ohio Turnpike and SR-57.

More Information:

Listing Agents:

David Leb, CCIM

Max Ferguson