Technical
Financial
Distress signals
Property profile

911 River St Elyria, OH 44035

OFF-MARKET
Mixed-use properties
10,978 SF 0.71 ac lot
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 911 East River Street Unit 911 in Elyria, OH, presents a unique investment opportunity. Spanning 10,978 square feet on a 0.71-acre lot, this established business is offered at an attractive price of $39,900. The property is situated in a thriving shopping strip with long-term tenants, offering excellent visibility and foot traffic. Its convenient location, minutes from downtown Elyria, ensures easy accessibility for customers. The business itself is a fully equipped nail salon, ready for immediate operation. Included in the sale are five complete pedicure chairs, five complete nail stations, three rolling caddies, a floor-style display unit, a washer and dryer, a sterilizer, a service lounge chair, a front desk with cash register, and an office with desk and chair. The business is essentially turnkey, with all necessary inventory, fixtures, and equipment already in place. The current lease agreement requires a minimum two-year term with a monthly rent of $1,500. This presents a rare chance to own a profitable, established business in a prime location at a remarkably affordable price. The property's size and location offer significant potential for future growth and expansion. This is an ideal opportunity for an entrepreneur seeking a ready-to-operate business with minimal start-up costs.

Property profile

Verified
Property type Mixed-use properties
Total area 10,978 SF
Lot 0.71 ac (30,928 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electronics & Wireless Store
  • Mobile Phone Store Electronics & Wireless Store
  • Hair Salon Nail Salon

Location

911 River St Elyria, OH 44035
Elyria metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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