347 Midway Blvd | Elyria, OH 44035
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- LoopNet Team
347 Midway Blvd
Elyria, OH 44035
Value Add Opportunity | Across Major Redev · Office Property For Sale
Investment Highlights
- Noteworthy three-story office building located with visibility and ample parking over 1.33 acres in the heart of one of Elyria’s prosperous corridors.
- Optimum value-add investment opportunity in the ideal Lorain County office submarket seeing rental increase at 2.5% and zero supply-side pressures.
- Desirably situated within an immediate 1-mile radius of renowned amenities, including McDonald’s, Target, Giant Eagle Supermarket, and more.
- Conveniently positioned with ideal accessibility 1 mile to the I-90 and OH 57 interchange and 1.5 mile to the OH 57 and I-80 highway junction.
- Adjacent to the soon-to-be reimagined Midway Mall in its final proposal stages, set to receive a total transformation to boost demand in the area.
- Significantly situated 18 miles from the Cleveland Hopkins International Airport (CLE) and 28 miles from Downtown Cleveland.
Property Facts
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
33,282 SF
Building Class
B
Year Built
1973
Percent Leased
15%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
11,094 SF
Slab To Slab
9’
Building FAR
0.57
Lot Size
1.33 AC
Parcel Number
06-24-031-106-038
Zoning
Commercial
Parking
100 Spaces (3 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
1 of 1
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