Leased School
320 Washington Avenue, Elyria, OH 44035
For Sale
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A two-story educational property is fully occupied by a specialty school under a lease extending through 2034.
Property Size26,000 SF
Lot Size1.95 Acres
Price / SF$111.54
Days on Market13
Property Features for 320 Washington Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Tenant in Place
Building Details
Year Built
Year Renovated
Buildings
Stories
Tenancy
Listing Agency:
Cushman & Wakefield | CRESCO Real Estate
Listed By:
David Leb · License #OH SAL.2015004836
(216) 525-1488
Source:
Crexi
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 2:20PM
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.
This two-story school property at 320 Washington Avenue in Elyria contains 26,000 square feet. Built in 1967, the building underwent renovation in 2024 and is fully leased to Spectrum Growth, Inc., which operates a specialty school serving students with autism. The lease runs through 2034.
The property occupies 1.95 acres and includes 56 parking spaces. Reported operating performance includes an approximately 9.66% cap rate.
The property occupies 1.95 acres and includes 56 parking spaces. Reported operating performance includes an approximately 9.66% cap rate.
Key Highlights
- 26,000‑square‑foot, two‑story school building
- Renovated in 2024; originally built in 1967
- Fully leased to Spectrum Growth, Inc. through 2034
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
554
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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 - A two-story educational property is fully occupied by a specialty school under a lease extending through 2034.
Where is this school located?
The property is located at 320 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: 26,000‑square‑foot, two‑story school building; Renovated in 2024; originally built in 1967; Fully leased to Spectrum Growth, Inc. through 2034
