1599 River Rd Elyria, OH 44035
- Retail properties
- 179,646 SF
Current Use by Public Records
- Retail properties
Property Details for 1599 River Rd
- Year built
- 1986
- Property size
- 179,646 SF
- Property type
- Retail properties
Description
Midway Crossing, a 179,646 square foot neighborhood shopping center in Elyria, Ohio, presents a compelling investment opportunity. This single-story, 16-suite property sits on 16.94 acres and offers spaces ranging from 1,234 to 25,200 contiguous square feet, ideal for a variety of retail tenants. Built in 1986, the center boasts a prime location in a main retail corridor, directly across from Midway Mall and conveniently situated near Target and Giant Eagle. Its strategic location provides easy access to SR 57 (Lorain Blvd), Interstate 80 (Ohio Turnpike), and Interstate 90, ensuring high visibility and accessibility for potential tenants and customers. The property is zoned for retail use and features a strong tenant mix including Planet Fitness, U-Haul Self Storage, Car Parts Warehouse, Olive Garden, Chipotle, Verizon, and Taco Bell. Below-market rents offer significant potential for increased profitability. The property's APN is 0624173000025, 0624172000039, and is located at 1599 W River Rd N, Elyria, OH 44035. Nine spaces are currently available, providing immediate income potential. This is a rare opportunity to acquire a well-located, established retail center with significant upside. The property's size and flexible space options cater to a wide range of retail businesses. The existing tenant roster demonstrates the center's proven ability to attract and retain high-quality tenants.
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
- -82.105
- Latitude
- 41.398
