Address
350 Cleveland Street Elyria, OH
Price
$ 359,999
Property Attributes
- MLS#4250956
- TypeCommercial
- CountyLORAIN
- CityElyria
- AreaElyria
- Zip44035
- StyleMixed Use
- Year Built1947
- Taxes9068
- Price$ 359,999
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6125
Listing Provided Courtesy Of:
Melissa Sanford with Keller Williams Legacy Group Realty
Data Source:
Yes MLS, INC - Northern Ohio Regional Multiple Lis
Property Description
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 is a great 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, but the tenant moved out and is now rent ready! This building features split utilities to all units with a full basement and a newer 15+ car parking lot. If you are looking for a property that is an instant income producer, look no further, schedule your showing today!
| Price History | |
|---|---|
| 1/20/2021 | Listed $359,999 |
General Features
| Cooling | Central Air |
|---|---|
| Heating | Forced Air, Gas |
| Levels | One |
| Location | Freestanding |
| MLS Area | Elyria (Elyria Township, Carlisle Township) |
| Property SubType | Mixed Use |
| Property Type | Commercial Sale |
| Roof | Rubber |
| Sewer | Public Sewer |
| Stories | 1 |
| Terms | Cash, Conventional |
| Virtual Tour | https://www.propertypanorama.com/350-Cleveland-St-Elyria-OH-44035/unbranded |
Interior Features
| Above Grade Finished Area | 6125 |
|---|---|
| Air Conditioning Y/N | Yes |
| Basement | Full |
| Heating Y/N | Yes |
| Living Area | 6125 |
Exterior Features
| Lot Dimensions | 200xIRR |
|---|---|
| Lot Size Units | Acres |
| Total Parking | 18 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 44035
Price
Taxes
Visits
Year Built
Walkscore
©Yes MLS, INC - Northern Ohio Regional Multiple Listing Service All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective
