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
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a newly renovated 2,072 square foot storefront located at 1412 West Ave, Elyria, OH 44035. The property, built in 1900, sits on a spacious 0.13-acre, two-parcel lot offering ample parking and a convenient turnaround driveway. The storefront itself boasts abundant natural light thanks to new front windows, a half bath, and a large storage area accessible separately from the main retail space. Recent improvements include power washing, new exterior doors, and a freshly repaved blacktop driveway. Modernization extends to new electrical panels and hot water tanks for each unit. Above the storefront are three updated apartments: two one-bedroom units and one two-bedroom unit. Each apartment features fresh paint, new light fixtures, and new flooring. The basement provides additional storage space and has also been freshly painted. This property offers a unique blend of commercial and residential income potential, making it an ideal investment for those seeking a combination of business ownership and rental income. The asking price for this turnkey property is $229,900. This is a rare opportunity to acquire a well-maintained, income-generating property in a desirable location. Don't miss out!
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elyria
- County
- Lorain
- State
- Ohio
- Longitude
- -82.1106
- Latitude
- 41.353
