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Medical Office Building with Newer Roof

651 WASHINGTON AVE, Elyria, OH 44035

For Sale
Contact for pricing

The property is offered in as-is condition on a 0.62-acre parcel.

Property Size5,000 SF
Lot Size0.62 Acres
Price / SF$45
Days on Market16

Property Features for 651 WASHINGTON AVE

General Information

Standard status Active
Size 5,000 SF
Lot size 0.62 Acres
Property subtype Office

Property Condition

Severity Repairs Needed
Evidence renovate and reposition

Additional Details

Condition Needs Renovation
Road Access Yes
Property Use Medical Office

Building Details

Year Built 1976
Buildings 1
Building Size 5,000 SF
Listing Agency: Trinity Commercial Realty
Listed By: Gary Pescatrice · License OH #0000241394
Source: Crexi
Added: Oct 29 Changed: Nov 12 Last Checked: Nov 12 at 8:23AM

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 Trinity Commercial Realty

Rey
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Investment Insights

Based on property information with market context.

This medical office property contains a 5,000-square-foot building constructed in 1976, with a newer roof. The sale is on an as-is basis. The parcel encompasses approximately 0.62 acres, or 27,007 square feet of land.

Key Highlights

  • 5,000‑square‑foot medical office building
  • Approximately 0.62 acres, or 27,007 square feet of land
  • Constructed in 1976

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Skin Care Clinic HVAC Service Hair Salon Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

262
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Medical Office Space in Lorain County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Medical Office Space - The property is offered in as-is condition on a 0.62-acre parcel.
Where is this medical office space located?
The property is located at 651 WASHINGTON AVE Elyria, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 5,000‑square‑foot medical office building; Approximately 0.62 acres, or 27,007 square feet of land; Constructed in 1976
(216) 402-8000 · Office Call to check price and availability
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