204 E Broad St
Elyria, OH 44035
Property For Lease

This property is a former freestanding Friendly’s restaurant with a 2,589 SF retail building positioned on a 0.49-acre site with 50 parking spaces. Existing restaurant infrastructure including hoods, coolers, freezers, and kitchen equipment. Benefits include access and visibility from Park Place and East Broad Street with approximately 8,574 vehicles passing by daily. An investor can reposition the property with capital improvements and a realigned business strategy. Located approximately 30 minutes from downtown Cleveland, this property benefits from its suburban accessibility and location near amenities including retail, hospitality, entertainment, and educational facilities. UH/Mercy Hospital is located directly across the street and the property is in a regional retail trade area including Target, Walmart, Giant Eagle, Home Depot, JoAnn, PetSmart and more. Elyria is the home to numerous corporations and manufacturing companies including Invacare, Ridge Tool Company, Diamond Products, Bendix Commercial Vehicle Systems, EMC Precision Machining, Riddell, Elyria Plating Corporation and more. In 2020, the Property had approximately ±94,100 individuals residing within a five-mile radius with an average household income of ±$68,259.2,696. Tenant also pays for insurance and property taxes. Present repairs being worked on include; Landscaping, Electric, & Parking Lot.