350 Cleveland St | Elyria, OH 44035
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350 Cleveland St
Elyria, OH 44035
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Income producing property as it has a 10% cap rate on 90% occupancy with good leased tenants on long term leases
- There is additional upside to bring the cap rate to 12% with the vacancy of a 2nd flr suite that was previously rented at $450/mo
- All Brick Free Standing Commercial Building w/5 Retail Suites in a high traffic location on a corner lot in the Commercial District in Elyria
- This building features split utilities to all units with a full basement and a newer 15+ car parking lot
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
6,125 SF
Building Class
C
Year Built
1947
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.74
Lot Size
0.19 AC
Frontage
160’ on Cleveland St
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $164,791 | |
| Land Assessment | $25,005 | Total Assessment | $189,796 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$25,005
Improvements Assessment
$164,791
Total Assessment
$189,796
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