2
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$2,300,000
Est. payment /mo
0.83 Acres Lot
Active
401-427 Cleveland ST Elyria, OH 44035
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UPDATED:
02/21/2025 03:11 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5095730
HOA Y/N No
Year Built 1950
Annual Tax Amount $35,234
Tax Year 2024
Lot Size 0.830 Acres
Acres 0.83
Property Sub-Type Retail
Property Description
Owner financing/land contract available! Fantastic opportunity to own this well kept 24,871 SQ Foot retail shopping plaza. Mostly Triple net leases with long term tenants Cap rate at full occupancy is approximately 9.54%. Roof was replaced approximately 5 YRS ago on the Building behind the strip plaza on Winckles St. which is part of the property and included with the sale. Owner recently Re-Paved the entire parking lot and replaced all the roof top AC-Units. Entire Roof was Re-sealed approximately 6 YRS ago. Rent Roll is available upon request.
Location
State OH
County Lorain
Interior
Heating Forced Air, Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features On Site, Paved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Total Parking Spaces 100
Building
Sewer Public Sewer
Water Public
Schools
School District Elyria Csd - 4706
Others
Tax ID 06-25-015-101-028
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Andrew G Pal • RE/MAX Real Estate Group • AndrewpaL9@gmail.com 216-903-9755