Remarks

West Gate Shopping Center, strategically positioned at the corner of Rt. 58 and Rt. 611, is undergoing a complete rejuvenation, transforming into a thriving retail destination. Boasting a 65,500 square foot strip center with 10 rental units ranging from 1,400 to 20,202 square feet, this property offers an ideal canvas for grocery stores, pharmacies, convenience shops, and neighborhood-centric services. Anchor Tenant Unit: 20,202 sq ft.
Renovations include a newly paved and striped parking lot, a new roof, and fresh paint, creating an inviting and contemporary aesthetic. Across the street from the plaza, two more commercial properties are experiencing their own revitalization, all benefiting from enhanced synergy. Situated minutes from Lake Erie and Rt. 2, West Gate Shopping Center ensures prime visibility and accessibility, making it an enticing prospect for businesses seeking a strategic edge.
Other investment opportunities: the shopping center is available for sale or lease (lease rate & term are negotiable) and the corner acre is available for either ground lease or sale.

Details

MLS#: 4486164
Price: $3,500,000

Style: Retail
Sq Ft: 0
Year Built: 1970

County: Lorain
Subdivision: Black River 02
Tax Fee: 10257

School District: Lorain CSD - 4709