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914 Cleveland St
Elyria, OH 44035
Retail Property For Sale
Investment Highlights
- High-Yielding Investment – The property is being offered at a Year-1 in-place cap rate of 9.50%.
- Attractive Rental Increase – 3.00%+ annual rent escalations offer a built-in hedge against inflation and long-term income growth.
- Approximately 50+ parking spaces provide convenient access for customers and support the tenant’s ability to accommodate a high volume of traffic.
- Absolute NNN Lease – There are zero landlord responsibilities, making it a great investment opportunity for a passive investor.
- Large Lot – Situated on a +1.02-acre parcel, offering strong long-term real estate value and future redevelopment potential.
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,600 SF
Building Class
C
Year Built
1972
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.46
Lot Size
0.33 AC
Zoning
R2 - Multifamily
Parking
5 Spaces (0.76 Spaces per 1,000 SF Leased)
Frontage
98’ on Cleveland St
Amenities
- Pylon Sign
- Signage
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $186,631 | |
| Land Assessment | $49,459 | Total Assessment | $236,089 |
Property Taxes
Parcel Numbers
Land Assessment
$49,459
Improvements Assessment
$186,631
Total Assessment
$236,089
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