542 Griswold Rd | Elyria, OH 44035
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- LoopNet Team
542 Griswold Rd
Elyria, OH 44035
100% Occupied Double Digit Cap Retail · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The Property is occupied by two performing tenants providing new ownership with the opportunity to capitalize on stable and long-term cash flows
- The Property is positioned in close proximity to Midway Mall, Midway Market Square, Midway Crossing, Shoppes of Midway, and other retail outlets
- ...and radiant heaters in addition to coating the rear roof with 40-year coating and paving the front parking lot.
- The Property features a strong placement with nearby accessibility to I-90, I-80, US Route 57, State Route 57, State Route 2, and Ohio Turnpike.
- Current ownership has installed a new main roof (2012 - Main, 2019 - Rear), rear loading dock, office & showroom in all tenant spaces, 2 - 5 ton HVAC
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,298 SF
Building Class
C
Year Built/Renovated
1968/2019
Percent Leased
60%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.22
Lot Size
1.36 AC
Zoning
B-3 - B-3 zoning district is intended for a mix of commercial, automotive, and recreational uses, primarily located along arterial roadways.
Parking
35 Spaces (2.63 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 06-24-031-101-035 | Improvements Assessment | $199,805 |
| Land Assessment | $54,390 | Total Assessment | $254,195 |
PROPERTY TAXES
Parcel Number
06-24-031-101-035
Land Assessment
$54,390
Improvements Assessment
$199,805
Total Assessment
$254,195
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