Single-Tenant School
300 Washington Avenue, Elyria, OH 44035
For Sale
Contact for pricing
The tenant covers utilities, minor repairs, property taxes, and insurance under the current arrangement.
Property SizeContact for details
Days on Market40
Property Features for 300 Washington Avenue
General Information
Standard status
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Highway Access
Tenant in Place
Building Details
Year Renovated
Tenancy
Listing Agency:
Cushman & Wakefield | CRESCO Real Estate
Listed By:
David Leb · License #OH SAL.2015004836
(216) 525-1488
Source:
Crexi
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 8 at 2:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | CRESCO Real Estate
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Investment Insights
Based on property information with market context.
The school property is fully leased to Spectrum Growth, Inc., which operates a specialty school serving students with autism. A full renovation and buildout were completed in 2024 for the tenant’s use, and the lease extends through 2034.
The tenant is responsible for utilities, minor repairs, taxes, and insurance. The property is in Elyria, with access to I-90, the Ohio Turnpike, and SR-57.
The tenant is responsible for utilities, minor repairs, taxes, and insurance. The property is in Elyria, with access to I-90, the Ohio Turnpike, and SR-57.
Key Highlights
- Fully leased to Spectrum Growth, Inc., a specialty school operator
- Lease term runs through 2034
- 2024 renovation and buildout completed for the tenant’s use
Property Analytics
Who owns this building?
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
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Business Placement
Demographics for 44035, OH
61,921
Population
29,637
Households
2.1
Avg Household Size
42
Median Age
17%
College-Educated
88%
High-School Grad
47.6 sq mi
ZIP Area
1,301
Density / Sq Mi
$54,362
Median Household Income
$38,493
Median Earnings
$871
Median Rent
$147,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
School - The tenant covers utilities, minor repairs, property taxes, and insurance under the current arrangement.
Where is this school located?
The property is located at 300 Washington Avenue Elyria, OH.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Fully leased to Spectrum Growth, Inc., a specialty school operator; Lease term runs through 2034; 2024 renovation and buildout completed for the tenant’s use
