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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
Storefront
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

PROPERTY TAXES

Parcel Numbers
Multiple
  • 06-25-017-111-010
  • 06-25-017-111-009
  • 06-25-017-111-011
Land Assessment
$25,005
Improvements Assessment
$164,791
Total Assessment
$189,796
  • Listing ID: 22009391

  • Date on Market: 1/19/2021

  • Last Updated:

  • Address: 350 Cleveland St, Elyria, OH 44035

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