1412 West Ave Elyria, OH 44035
- Retail properties
- 2,072 SF
- 0.13 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1412 West Ave
- Year built
- 1900
- Lot size
- 0.13 lot acres
- Property size
- 2,072 SF
- Property type
- Retail properties
Description
This exceptional Elyria property offers a newly renovated 2,072 sq ft retail storefront with three income-generating apartments above. Situated on a spacious 0.13-acre lot, the building features ample parking and a convenient turnaround driveway. The retail space is bright and inviting, boasting abundant natural light from new front windows, a half bath, and a large storage area with independent access. Recent upgrades include a power wash exterior cleaning, new exterior doors, and a freshly repaired blacktop driveway. Electrical systems have been modernized with new panels for each unit and the storefront, and new hot water tanks have been installed. Upstairs, you'll find two one-bedroom apartments and one two-bedroom apartment, all freshly painted with new light fixtures and flooring. The basement provides additional storage space and has also received a fresh coat of paint. This property presents a unique opportunity to combine business ownership with a reliable stream of rental income, making it an attractive investment. The combination of a well-maintained retail space and multiple updated apartments makes this a truly versatile and profitable property. The location offers excellent visibility and accessibility, further enhancing its investment potential.
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
- -82.1105
- Latitude
- 41.353
