36 Ely Ave Alliance, OH 44601
- Retail properties
- 4,352 SF
- 0.98 lot acres
Current Use by Public Records
- Retail properties
Property Details for 36 Ely Ave
- Year built
- 1966
- Lot size
- 0.98 lot acres
- Property size
- 4,352 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 4,352 square foot retail plaza located at 36 W Ely Avenue in Alliance, Ohio, situated on a 0.98-acre lot. The property boasts two established tenants: a snack shop and a laundromat, ensuring a consistent income stream. The seller is responsible for all exterior maintenance and property taxes, while tenants cover interior maintenance and insurance. Recent significant improvements include a new roof, HVAC system, and electrical work, all completed in 2021. The parking lot has also undergone recent patching and sealing. This turnkey operation offers immediate cash flow potential. Furthermore, the property's zoning allows for expansion. City-approved plans permit the construction of an additional building on the rear 0.98-acre lot. This presents a unique opportunity to increase revenue and property value by adding a restaurant, car wash, hair salon, retail shop, or other compatible business. Detailed lease information and monthly rental income figures are available upon request. This is a rare chance to acquire a well-maintained, high-performing retail property with significant upside potential in a desirable location. Don't miss this chance to secure a strong investment in a thriving market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alliance
- County
- Stark
- State
- Ohio
- Longitude
- -81.1064
- Latitude
- 40.9241
