336 Prospect St Elyria, OH 44035
- Mixed-use properties
- 0.22 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 336 Prospect St
- Year built
- 1917
- Lot size
- 0.22 lot acres
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property in Elyria, Ohio, presents a unique investment opportunity. Situated on a 0.22-acre lot spanning two parcels, this property enjoys convenient access to the downtown area and benefits from a strategic location bordering both residential and industrial zones. The existing structure is a 1,600 square foot single-family home boasting three bedrooms, one and a half bathrooms, and a substantial four-car garage complete with electricity and ample storage space. While the home requires renovations, this presents a significant opportunity to increase property value through improvements. Currently zoned as Business Neighborhood, the property offers flexibility. It can continue to function as a residential dwelling or be repurposed for commercial use, depending on the investor's vision. The property's versatility is further enhanced by the availability of contiguous parcels (sold separately) totaling an additional 0.65 acres, offering the potential for substantial expansion and increased income streams. This is a rare chance to acquire a well-positioned property with significant upside potential in a thriving Ohio market. Don't miss this chance to capitalize on this versatile investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elyria
- County
- Lorain
- State
- Ohio
- Longitude
- -82.0885
- Latitude
- 41.3674
